Industry win: SBA issues form to aid in compliance with debanking request

The Small Business Administration (SBA) has issued a form available for all credit union lenders under $30 billion in assets to use and be in compliance with the SBA’s letter on debanking issued earlier this year.

The issued form follows extensive advocacy efforts by America’s Credit Unions urging clarity from the SBA, including a letter to the agency and meeting with its staff earlier this year.  At issue was exactly how credit unions should comply with the SBA letter, which instructed recipients to end the practice of debanking and provide documentation on past or current policies or practices. Of note, the form limits the scope of the review to the past five years, allows institutions to confirm compliance with a simple attestation that a “reasonable review” was conducted, and only requires additional information if debanking policies were identified.

Credit unions can submit forms to debanking@sba.gov through Jan. 5, 2026.

Access the form