NCUA Board Briefing: Brokered Deposits FAQ, Deregulation Project Phase 1, 2026-2030 Strategic Plan

NCUA Board Briefed on Brokered and Reciprocal Deposits FAQs, Deregulation Project, Strategic Plan, and Annual Performance Plan

April 2026 NCUA Board Briefed on Brokered and Reciprocal Deposits FAQs, Deregulation Project, Strategic Plan, and Annual Performance Plan Board Action Bulletin

ALEXANDRIA, VA (April 9, 2026) – The National Credit Union Administration (NCUA) held a Board meeting today during which it heard a briefing on recently published frequently asked questions (FAQs) related to brokered and reciprocal deposits. Additionally, the Board was briefed on NCUA’s ongoing Deregulation Project, the 2026-2030 Strategic Plan, and the 2026 Annual Performance Plan.

Brokered and Reciprocal Deposits FAQs

Frank Kressman, General Council from the Office of General Council, provided a briefing on a new FAQ related to brokered and reciprocal deposits.

The briefing addressed the need for the FAQs, how insurance coverage for such deposits works, and the items for credit unions to consider in offering brokered and reciprocal deposits.

“My purpose in issuing this set of FAQs was to offer regulatory clarity for federally insured credit unions (FICUs), confirming that participation in brokered and reciprocal deposit networks is permitted” said Chairman Kyle Hauptman. He went on to say that the benefits of brokered and reciprocal deposits are vast, but that credit unions “should weigh the pros and cons for their specific institutions” because “an overreliance on brokered and reciprocal deposits can increase a FICU’s risk profile and lead to higher rates and downgrades in CAMELS ratings”.

NCUA’s Deregulation Project

Amanda Parkhill, Acting Director for the Office of Examination and Insurance, provided the Board with a briefing on the ongoing NCUA Deregulation Project.

As part of Phase 1 of the Deregulation Project, NCUA reviewed all regulations and identified those that were:

• Obsolete;
• Duplicative;
• Intended to serve as guidance, not requirements; or
• Overly burdensome. Since the December 2025 launch of the Deregulation Project, NCUA has issued 29 Notice of Proposed Rulemakings (NPRMs) and has received more than 230 comments from the public which have been largely supported by respondents.

2026-2030 Strategic Plan

The NCUA Board received a briefing on the 2026-2030 Strategic Plan from Acting Chief Financial Officer, Melissa Lowden, and Supervisory Budget Analyst, Jim Holm from the Office of Chief Financial Officer.

The 2026-2030 Strategic Plan, highlights three strategic goals for NCUA to pursue over the next five years and detailed nine strategic objectives, which reflect expected outcomes related to each strategic goal. The strategic goals and objectives all support the agency’s new mission, which is to enable access to financial services by facilitating safe, sound, and resilient credit unions. The agency reorganization is part of the Strategic Plan and should be implemented by December 31, 2027.

2026 Annual Performance Plan

The 2026 Annual Performance Plan establishes NCUA’s performance priorities for the first year of the 2026 – 2030 NCUA Strategic Plan. It translates long-term direction into specific, measurable outcomes that guide execution and measure progress towards the larger strategic goals.

Melissa Lowden, Acting Chief Financial Officer and Jim Holm, Supervisory Budget Analyst from the Office of Chief Financial Officer provided the Board with a briefing on the 2026 Annual Performance Plan.

The presentation outlined 23 performance indicators from the 2026 Annual Performance Plan which directly align with the goals and objectives outlined in the Strategic Plan and sets targets for results.

Chairman Hauptman shared that the 2026 Annual Performance Plan “provides specific and measurable outcomes to guide our progress and performance throughout the remainder of 2026”.

Follow @TheNCUA on X, and access Board Action Memorandums and NCUA rule changes at www.ncua.gov . The NCUA also live streams, archives, and posts videos of open Board meetings online.

The NCUA was created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the Share Insurance Fund, insuring the deposits of more than 145 million account holders in all federal credit unions and most state-chartered credit unions.

Kyle S. Hauptman
Last modified on

04/09/26

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