Opportunity
Federal Register #2026-22538
NCUA Final Rule on PPP Loan Capital and Commercial Lending Treatment
Buyer
National Credit Union Administration
Posted
November 04, 2026
Identifier
2026-22538
The National Credit Union Administration (NCUA) finalized rules clarifying how certain Paycheck Protection Program (PPP) loans are treated in credit union capital and commercial lending regulations. - Government buyer: None; this is a regulatory action issued by the NCUA, not a procurement opportunity. - Rule provisions: - Federally insured credit unions may assign PPP loans a zero percent risk weight. - PPP loans pledged to the Federal Reserve’s PPP Loan Facility are excluded from total assets when calculating the net worth ratio. - Covered PPP loans are excluded from the definition of commercial loans. - OEMs, vendors, products, and services: None identified or requested.
Description
The National Credit Union Administration is issuing a final rule adopting without change revisions to its capital adequacy and member business lending rules previously made under an interim final rule. The rule allows federally insured credit unions to continue assigning a zero percent risk weight to Paycheck Protection Program loans and finalizes their exclusion from the commercial loan definition. It also addresses the treatment of PPP loans pledged to the PPP Liquidity Facility in calculating a credit union’s net worth ratio. The rule is effective November 4, 2026.