The United States National Credit Union Administration has published the eleventh round of proposals under its Deregulation Project, seeking comment on two rule changes aimed at removing obsolete, burdensome, and duplicative requirements from its regulations. The proposals would raise the major assets prohibition threshold for certain management interlocks under the Depository Institution Management Interlocks Act to USD 10 billion and streamline share insurance rules that apply to federally insured state-chartered credit unions. Under the management interlocks proposal, the threshold change would apply to the prohibition that is based on the asset size of the two institutions, which is intended to address potential anticompetitive effects even when the organizations are not in the same community. The package would also remove a provision that sets out cases in which the NCUA would presume an interlock would not result in a monopoly or substantial lessening of competition. Separately, the share insurance proposal would remove sections of 12 CFR 741 that mainly direct federally insured state-chartered credit unions to other NCUA regulations, reducing duplication. Stakeholders are invited to review the notice of proposed rulemaking and submit comments through the Federal Rulemaking Portal.
National Credit Union Administration 2026-05-06
United States National Credit Union Administration launches eleventh deregulation round with proposed USD 10 billion management interlocks threshold and share insurance simplification
The United States National Credit Union Administration has issued the eleventh Deregulation Project proposals, targeting removal of obsolete, burdensome, and duplicative requirements. The proposals would raise the major assets prohibition threshold for certain management interlocks under the Depository Institution Management Interlocks Act to USD 10 billion, eliminate a presumption of non-anticompetitive interlocks, and streamline share insurance rules for federally insured state-chartered credit unions by deleting duplicative cross-references in 12 CFR 741.