Comment deadlines approach for Deregulation Project proposals

The chance to weigh in on the six separate proposals included in the sixth round of NCUA’s Deregulation Project ends this month. America’s Credit Unions’ latest Regulatory Comment highlights the six proposals, with comments on each due to the NCUA by April 27. Comments are needed earlier to provide feedback and help shape America’s Credit Unions’ comment letter. Those deadlines are listed below.  

Compensation in connection with loans and lines of credit to members 
To clarify that credit unions may include lending metrics as part of employee incentive or bonus compensation when those metrics are tied to the credit union’s overall financial performance.  

• Comments can be submitted to America’s Credit Unions by April 10. 

Post-election training for new board members* 
Eliminates prescriptive requirements for board members to obtain basic finance and accounting principles, instead giving federal credit unions discretion over the specific qualifications of their directors.  

• Comments can be sent to America’s Credit Unions by April 13. 

Purchase, sale, and pledge of eligible obligations 
Removes the prescriptive lists of items that must be addressed in the written policies adopted by federal credit unions and the detailed code of conduct regarding conflicts of interest and compensation. 

• Submit comments to America’s Credit Unions by April 13.  

Credit union service contracts 
Eliminates a provision in NCUA’s regulations related to credit union service contracts, on the basis that the authority for a federal credit union to enter into contracts for goods or services is inherent in its charter and under the Federal Credit Union Act.  

• America’s Credit Unions will accept comments through April 13. 

Refund of interest 
Rescinds a regulation that addresses the refund of interest to members, since the authority to vary interest refunds and make exclusions is already provided in the Federal Credit Union Act. It would also remove several regulatory provisions not expressly included in the Federal Credit Union Act.  

• Comments can be submitted to America’s Credit Unions by April 13. 

Statutory liens 
Removes potentially confusing language from the NCUA’s regulation implementing statutory lien authority that reminds federal credit unions to consider federal, state, and case law when considering whether the regulation is preempted. 

• Send comments to America’s Credit Unions by April 13.

*Note: The original source no longer exists. Link removed on April 14, 2026.