NCUA Voluntary EGRPRA Review and Deregulation Project

NCUA Press Releases

Published March 5th, 2026

Detected March 12th, 2026

Summary

The National Credit Union Administration (NCUA) has initiated a voluntary review of its regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA). This review, which is not statutorily required, aims to reduce regulatory burden on credit unions and will inform future regulatory changes. The comment period is open for 90 days.

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What changed

The National Credit Union Administration (NCUA) has announced a voluntary review of its regulations as part of the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) process. While not legally mandated, the NCUA is undertaking this decennial review to identify areas for deregulation and reduce the compliance burden on credit unions. The review covers a broad range of regulatory areas, including applications, powers, capital, consumer protection, AML/BSA, and safety and soundness.

Credit unions and other interested parties are invited to provide feedback during a 90-day comment period. The NCUA aims to tailor regulations to the size and risks of credit unions while maintaining safety and soundness. This initiative is part of the NCUA's broader Deregulation Project, seeking to enhance efficiency and streamline operations within the credit union system.

What to do next

Review the Federal Register notice for detailed information on the EGRPRA review.
Submit comments on proposed regulatory changes within the 90-day comment period.
Assess current regulations for potential burden reduction opportunities.

Source document (simplified)

NCUA Issues Voluntary EGRPRA Review; Continues Deregulation Project

March 2026 NCUA Issues Voluntary EGRPRA Review; Continues Deregulation Project Alexandria, VA (March 5, 2026) ― The National Credit Union Administration (NCUA) today announced its continued review of regulations as part of the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) of 1996. While the NCUA is not statutorily required to undertake the review, NCUA has elected to participate in the decennial review process.

NCUA’s EGRPRA review will continue to inform NCUA’s Deregulation Project and future rounds of regulatory change. The agency remains committed to efficiency and reducing regulatory burden on credit unions.

Under the voluntary EGRPRA review, NCUA is reviewing its regulations relating to:

Applications and Reporting;
Powers and Activities;
Agency Programs;
Capital;
Consumer Protection;
Corporate Credit Unions;
Directors, Officers, and Employees;
Anti-Money Laundering and Bank Secrecy Act;
Rules of Procedure; and
Safety and Soundness. For more information, please see the Federal Register notice. The comment period will be open for 90 days.

NCUA will continue its efforts to ensure regulations are appropriately tailored to the size and risks posed by credit unions while ensuring their safety and soundness.

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.

Last modified on

03/05/26