Regulatory Review

The NCUA reviews all of its existing regulations every three years. The NCUA’s Office of General Counsel maintains a rolling review schedule that identifies one-third of the NCUA’s existing regulations for review each year and provides notice to the public of those regulations under review so the public may have an opportunity to comment.

The NCUA will review the following regulations in 2019.

2019 Reviewed Regulations
Regulation Part Description
700 Definitions
701.1 Federal Credit Union Chartering, Field of Membership Modifications, and Conversions
701.2 Federal Credit Union Bylaws
701.3 Member Inspection of Credit Union Books, Records, and Minutes
701.4 General Authorities and Duties of Federal Credit Union Directors
701.6 Fees Paid by Federal Credit Unions
701.14 701.14 Change in Official or Senior Executive Officer in Credit Unions that are Newly Chartered or are in Troubled Condition
701.19 Benefits for Employees of Federal Credit Unions
701.20 Suretyship and Guaranty
701.21 Loans to Members and Lines of Credit to Members
701.22 Loan Participations
701.23 Purchase, Sale, and Pledge of Eligible Obligations
701.24 Refund of Interest
701.26 Credit Union Service Contracts
701.30 Services for Nonmembers within the Field of Membership
701.31 Nondiscrimination Requirements
701.32 Payment on Shares by Public Units and Nonmembers
701.33 Reimbursement, Insurance, and Indemnification of Officials and Employees
701.34 Designation of Low-income Status; Acceptance of Secondary Capital Accounts by Low-income Designated Credit Unions
701.35 Share, Share Draft, and Share Certificate Accounts
701.36 Federal Credit Union Occupancy and Disposal of Acquired and Abandoned Premises
701.37 Treasury Tax and Loan Depositaries; Depositaries and Financial Agents of the Government
701.38 Borrowed Funds from Natural Persons
701.39 Statutory Lien
Appendix Appendix A to Part 701 – Federal Credit Union Bylaws
Appendix Appendix B to Part 701 – Chartering and Field of Membership Manual
702 Capital Adequacy
703 Investment and Deposit Activities
704 Corporate Credit Unions
705 Community Development Revolving Loan Fund Access for Credit Unions
707 Truth in Savings
708a Bank Conversions and Mergers
708b Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status
709 Involuntary Liquidation of Federal Credit Unions and Adjudication of Creditor Claims Involving Federally Insured Credit Unions in Liquidation
710 Voluntary Liquidation

Anyone wishing to provide comments on the above regulations should submit them by June 1, 2019. The NCUA’s goal is to ensure that all of our regulations are clearly articulated and easily understood. Comments are welcome on that aspect, as well as substantive suggestions for regulatory changes. Comments may be e-mailed to OGCMAIL@NCUA.GOV or mailed to Regulatory Review (2019), Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428. For e-mailed comments, please include the words “Regulatory Review (2019)” in the subject line.

The NCUA’s regulatory process is discussed in NCUA Interpretive Ruling and Policy Statements (IRPS) 87-2, 03-2, 13-1, and 15-1 located on the NCUA’s website. In addition to the periodic review described above, the NCUA may review or revise regulations through processes outside this periodic review. The NCUA publishes a regulatory agenda in the Federal Register each spring and fall.

Last modified on
01/04/19