Interpretive Rulings and Policy Statements

The following table provides links to CURRENTLY EFFECTIVE Interpretive Rulings & Policy Statements (IRPS) issued by NCUA. The IRPS listed in the table contain guidance and information from NCUA to credit unions. Credit unions should be familiar with IRPS as the information contained in each IRPS can impact the operations of a credit union.

Generally, NCUA withdraws an IRPS once it becomes unnecessary, outdated, or is replaced by a regulation published in the Code of Federal Regulations or a new IRPS.

Interpretive Rulings and Policy Statements
Number Subject Regulation Date
IRPS 15-1 Regulatory Flexibility Act Threshold 12 CFR Part 791 11/23/2015
IRPS 13-1 Minority Depository Institution Preservation Program 80 FR 36356 07/24/2015
IRPS 11-2 Chartering Corporate Credit Unions 12 CFR Part 704 02/24/2011
IRPS 11-1 Supervisory Review Committee (76 Fed. Reg. 23871), as amended by IRPS 12-1 (77 Fed. Reg. 32004) 12 CFR Chapter VII 01/20/2011
IRPS 10-1 Rule Change for IRPS 08-2 12 CFR Part 701 06/25/2010
IRPS 08-2 Service to Underserved Areas 12 CFR Part 701 12/02/2008
IRPS 08-1 Guidance Regarding Prohibitions Imposed by Section 205(d) of the Federal Credit union Act   07/24/2008
IRPS 06-1 Organization and Operations of Federal Credit Unions 12 CFR Part 701 06/22/2006
IRPS 03-3 Qualified Financial Contracts 12 CFR Part 709
68. Fed. Reg. 61735
10/30/2003
IRPS 02-3 Allowance for Loan and Lease Losses Methodologies and Documentation for Federally Insured Credit Unions 67. Fed. Reg.37445 05/29/2002
IRPS 01-2 Central Liquidity Facility Advance Policy 12 CFR Part 725 04/26/2001
IRPS 98-2 Supervisory Policy Statement on Investment Securities and End-User Derivatives Activities 12 CFR Chapter VII
63. Fed. Reg. 24097
05/01/1998
IRPS 87-2 Developing and Reviewing Government Regulations (52 Fed. Reg. 35213),
as amended by IRPS 03-2 (68 Fed. Reg. 31949) and 15-1 (80 Fed. Reg. 57512)
52 Fed. Reg. 35213
68 Fed. Reg. 31949
80 Fed. Reg. 57512
09/18/1987
05/29/2003
09/24/2015
IRPS 87-1 Guidelines for Compliance with Federal Bank Bribery Law 52 Fed. Reg. 38821 10/19/1987
IRPS 86-1 General Policy on Sharing Confidential Supervisory Information with State 12 CFR Chapter VII
51 Fed. Reg. 16292
05/02/1986
IRPS 85-2 Repurchase Agreements of Depository Institutions with Securities, Dealers and Others 50 Fed. Reg. 48372 11/25/1985
IRPS 83-1 Truth in Lending; Enforcement Guidelines and Restitution Review Procedures 12 CFR Chapter VII
48 Fed. Reg. 7159
02/18/1983
IRPS 82-4 State Unclaimed Property Laws 12 CFR Chapter VII
47 Fed. Reg. 53325
11/26/1982
IRPS 81-7 Sale-and-Leaseback Arrangements 12 CFS Chapter VII
46 Fed. Reg. 46303
09/18/1981
IRPS 81-3 State Chartered Federally Insured Credit Unions as "Most Favored Lenders" 12 CFR Part 741
46 Fed. Reg. 24153
04/30/1981
IRPS 80-8 Return of Capital Upon Withdrawal from Membership in CLF 12 CFR 725
45 Fed. Reg. 47119
07/14/1980
IRPS 80-2 National Environmental Policy Act 12 CFR Chapter VIII
45 Fed. Reg. 12211
02/25/1980
IRPS 80-1 Disclosure of Statutory Enforcement Actions 45 Fed. Reg. 6648 01/29/1980