The National Credit Union Administration has issued a final rule amending its regulations on reimbursement of reasonable expenses for federal credit union officials so that dependent care costs can be reimbursed. The change gives federal credit union boards more flexibility to adopt family-friendly reimbursement policies tailored to their size, region, and operations. Previously, dependent care costs were not considered reasonable expenses under 12 C.F.R. 701.33. The rule applies to all federal credit unions, including corporate federal credit unions, but not to federally insured state-chartered credit unions, which remain subject to state law. The final rule reflects comments received on the proposed rule issued on January 26, 2026 and will take effect 30 days after publication in the Federal Register.
National Credit Union Administration2026-06-08
National Credit Union Administration finalizes rule allowing federal credit unions to reimburse dependent care costs for officials
The National Credit Union Administration has issued a final rule amending its reimbursement regulations to permit federal credit unions to treat dependent care costs as reasonable expenses for officials. The rule, which applies to all federal credit unions including corporate federal credit unions but not federally insured state-chartered credit unions, is intended to give boards greater flexibility to adopt family-friendly reimbursement policies tailored to their operations.