Federal Register #2026-21512

NCUA Proposal on Flexible Credit Union Share-Insurance Notices

The National Credit Union Administration (NCUA) Board is seeking comments on a proposed change to share-insurance notice requirements, not buying products or services. - Government agency: National Credit Union Administration (NCUA), through the NCUA Board. - Proposal: Amend 12 CFR 745.13 to give federally insured credit unions flexibility in how they notify members about share-insurance coverage. - Notable requirement: Credit unions would still need to provide notice, but could use reasonable methods such as links to current information on the NCUA website or Electronic Code of Federal Regulations instead of making specified hard-copy materials available. - Purpose: Reduce compliance costs and help members access current information. - Procurement details: No products, services, quantities, part numbers, OEMs, or vendors are requested; no contract value or period of performance applies.

Description

The NCUA Board proposes to streamline how federally insured credit unions notify members about share insurance coverage. Credit unions would still be required to provide notice, but could choose the method, including providing a link to updated online information, rather than making specified hard-copy materials available. The proposal would amend 12 CFR 745.13 and is intended to increase flexibility, reduce compliance costs, and help members access current information. Comments are due December 21, 2026.

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