At its first Board meeting of 2026, the National Credit Union Administration (NCUA) Board received briefings on a proposed rule that would allow federal credit unions to reimburse dependent care costs for volunteer officials and on the Central Liquidity Facility (CLF) budget for 2026–2027. The proposed rule would amend the NCUA’s regulations so dependent care costs can be treated as a reimbursable expense for federal credit union officials, enabling federal credit union boards to set policies to pay reasonable dependent care costs incurred while volunteer officials attend board meetings and perform official duties. The change would apply to all federal credit unions, including corporate federal credit unions, but would not apply to federally insured, state-chartered credit unions, which remain subject to state law. On the CLF budget, the briefing highlighted a 12% decrease in the 2026 budget compared with 2025, total assets of USD 1.01 billion, investment income of USD 30.4 million, and retained earnings of USD 48.2 million, alongside 2026 plans covering outreach, operational efficiencies and automation, and the provision of CLF advances.
National Credit Union Administration 2026-01-22
National Credit Union Administration Board reviews proposed rule to reimburse dependent care costs for federal credit union officials and receives CLF 2026-2027 budget briefing
The National Credit Union Administration Board discussed a proposed rule to allow federal credit unions to reimburse dependent care costs for volunteer officials and reviewed a 12% decrease in the Central Liquidity Facility budget for 2026, with total assets of USD 1.01 billion. The briefing also covered investment income, retained earnings, and plans for outreach, operational efficiencies, and automation.