The National Credit Union Administration (NCUA) Board received briefings on newly published frequently asked questions (FAQs) on brokered and reciprocal deposits, progress under the agency’s Deregulation Project, and the 2026–2030 Strategic Plan and 2026 Annual Performance Plan. The brokered and reciprocal deposit FAQs are intended to provide regulatory clarity for federally insured credit unions, including confirming that participation in brokered and reciprocal deposit networks is permitted, explaining how share insurance coverage works, and identifying items to consider when offering these deposits. Chairman Kyle Hauptman cautioned that overreliance on brokered and reciprocal deposits can increase a federally insured credit union’s risk profile and lead to higher rates and CAMELS rating downgrades. On deregulation, Phase 1 reviewed NCUA regulations to identify provisions that are obsolete, duplicative, intended as guidance rather than requirements, or overly burdensome, and since the project’s December 2025 launch NCUA has issued 29 notices of proposed rulemaking and received more than 230 public comments that were largely supportive. The 2026–2030 Strategic Plan sets three strategic goals and nine strategic objectives aligned to a new mission statement and includes an agency reorganization that is expected to be implemented by December 31, 2027, while the 2026 Annual Performance Plan translates the strategy into 23 performance indicators with targets for 2026.
National Credit Union Administration 2026-04-09
National Credit Union Administration highlights new brokered and reciprocal deposit FAQs and reports 29 deregulation rule proposals
The National Credit Union Administration Board received briefings on new FAQs on brokered and reciprocal deposits, progress under its Deregulation Project, and the 2026–2030 Strategic Plan and 2026 Annual Performance Plan. The FAQs confirm that participation in deposit networks is permitted but warn that overreliance can heighten risk and affect CAMELS ratings. The Deregulation Project has produced 29 proposed rulemakings with largely supportive feedback. The Strategic Plan sets three goals and nine objectives aligned to a new mission and an agency reorganization by end-2027, while the Annual Performance Plan establishes 23 performance indicators for 2026.