The League has submitted comment letters on the following issues recently, which were informed by you, our members. Thank you for your participation in this important advocacy work as we make strides to reducing credit union’s regulatory burden. Where possible, we’ve included links and information regarding the current status of each issue. For more information on any of these issue, please contact our Legal Affairs Department.
2026 | 2025 | 2024 | 2023 | 2022 | 2021
– 2026 –
NCUA: Deregulation Project, Round 7
On May 7, The League filed a comment letter on the proposed regulatory changes in Round 7 of their Deregulation Project. That seven-part proposal would amend Part 749 of the NCUA’s regulations, improving and updating its vital records preservation program and accompanying guidelines. For details, see this Compliance Courier.
NCUA: Deregulation Project, Round 6
On April 23, The League filed comment letters on the six proposals in Round 6 of the NCUA’s Deregulation Project:
- We commented in support of an NCUA proposal to remove the requirement that each director of a federal credit union (FCU) or a federally insured, state-chartered credit unions (FISCU) must have a working familiarity with finance and accounting within 6 months after election or appointment.
- We wrote in favor of an NCUA proposal to amend its blanket prohibition on the direct or indirect receipt of any commission, fee, or other compensation by a FICU official, employee, or their immediate family members, in connection with any loan made by their FICU.
- We commented in support of the NCUA proposal to make three changes to streamline its regulations governing the purchase, sale, and pledge of eligible obligations by FCUs.
- We offered our backing for an NCUA proposal to remove a regulation that addresses the refund of interest to members.
- We wrote to lend our support for an NCUA proposal to remove a redundant provision from its regulations on FCU contracts for assets or services.
- We wrote in support of an NCUA proposal to amend the language of a rule that says an FCU may impress and enforce a lien against a member’s shares and dividends to satisfy any outstanding obligations owed to the credit union.
NCUA: Deregulation Project, Round 5
On March 13, The League filed comment letters on the four proposals in Round 5 of the NCUA’s Deregulation Project:
- We wrote in support of the NCUA’s proposal to eliminate some procedural, disclosure, and communications requirements for insured credit unions (including federally insured, state-chartered credit unions in Wisconsin and elsewhere) that wish to convert to mutual saving banks.
- We offered support for the NCUA proposal to retain the core disclosure and notification requirements when a credit union’s members vote on a decision to merge or terminate federal share insurance coverage and convert to private insurance, but eliminate prescriptive requirements associated with those disclosures.
- We wrote to express our support for the NCUA proposal to rescind 2006 guidance that limited underserved area additions to multiple common bond fields of membership for federal credit unions.
See this Compliance Courier for details.
NCUA: Deregulation Project, Round 4
On March 30, The League filed comment letters on the four proposals in Round 4 of the NCUA’s Deregulation Project:
- We told the NCUA that we support its proposal to remove a rule that sets a maximum borrowing limit as part of the requirements for obtaining and maintaining federal share insurance with the National Credit Union Share Insurance Fund.
- We submitted a letter in support of the NCUA proposal to remove a rule that requires a credit union board to develop a written plan on the intended use of public unit and nonmember shares if those funds exceed certain limits.
- We voiced support for the NCUA proposal to eliminate a rule that requires to: 1) identify nonmember accounts on all required regulatory reports and 2) notify all nonmember account holders in writing that the NCUSIF does not insure their accounts. That rule duplicates the disclosures FISCUs are already required to make as part of their agreement for maintaining federal share insurance.
- We wrote a letter in support of the NCUA proposal to eliminate a timing rule for notifying account holders if a federally insured credit union plans to end excess share insurance coverage that supplements NCUSIF coverage.
See this Compliance Courier for details.
NCUA: Deregulation Project, Round 3
On March 16, The League filed comment letters on the four proposals in Round 3 of the NCUA’s Deregulation Project:
- We wrote a letter in support of the NCUA’s proposal to rescind a 2008 Interpretive Ruling and Policy Statement (IRPS) on serving “underserved areas.” That IRPS is redundant because the current requirements for service to underserved areas are stated in the NCUA’s Chartering Manual.
- We told the NCUA that we support its proposal to remove an outdated and confusing 2001 rule on non-discrimination in lending. It had not kept pace with regulatory developments or court opinions.
- We voiced support for an NCUA proposal to eliminate a 2010 IRPS on community chartering policies for FCUs. That IRPS is redundant because the same information can be found in the NCUA’s Chartering and Field of Membership Manual.
- We wrote a letter in support of the NCUA’s proposal to rescind a 2011 on chartering corporate federal credit unions. That IRPS is redundant because the same information can be found in the NCUA’s Chartering and Field of Membership Manual.
See this Compliance Courier for details.
NCUA: Deregulation Project, Round 2
On Feb. 27, 2026, The League filed comment letters on the four proposals in Round 2 of the NCUA’s Deregulation Project:
- We voiced support for removing the requirements to include an NCUA advertising statement in credit union ads and marketing materials.
- We backed a proposal to ease the rules on reporting catastrophic acts to the NCUA.
- We supported a plan to cut redundant policy requirements for credit unions making loans to other credit unions.
- We told the NCUA we want to see them drop burdensome rules for federally insured credit union acts as sureties and guarantors.
See this Compliance Courier for more details.
NCUA: Deregulation Project, Round 1
On Feb. 6, 2026, The League filed comment letters on the four proposals in Round 1 of the NCUA’s Deregulation Project:
- We voiced our credit unions’ backing for an NCUA proposal to amend its regulations on supervisory committee audits. The letter included this: “Wisconsin credit unions say that they welcome this proposal because it will promote efficiency and clarity, plus align the rules with industry best practices.”
- We voiced support for the NCUA proposal to remove Appendix A to part 748, “Guidelines for safeguarding member information,” from its regulations and to publish the material as a Letter to Credit Unions, instead. “Wisconsin credit unions believe that this change will enhance regulatory flexibility and efficiency without reducing member protections,” the letter said.
- We wrote in support of an NCUA proposal to remove Appendix B to part 748, “Guidance on response programs for unauthorized access to member information and member notice,” from its regulations and to publish it as guidance, instead. “Wisconsin’s credit unions say that this change will improve regulatory agility and clarity without reducing consumer protection,’ our letter said.
- We told the NCUA that Wisconsin credit unions back their proposal to make various changes to its regulations to give corporate credit unions more flexibility in their governance.
See this Compliance Courier for more details.