NCUA Ditches Tricky Rule to Ease Credit Union Membership Hassles
Published Date: 1/14/2026
Proposed Rule
Summary
The National Credit Union Administration (NCUA) wants to make life easier for federal credit unions by removing a tricky rule called IRPS 10-1. This change means credit unions won’t have to check as many sources to follow membership rules, saving them time and hassle. If you’re involved with a federal credit union, you can share your thoughts by March 16, 2026!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Easier compliance for federal credit unions
The NCUA proposes to rescind Interpretive Ruling and Policy Statement 10-1 (IRPS 10-1). Rescinding IRPS 10-1 would limit the number of sources that federal credit unions (FCUs) must check to follow chartering and field-of-membership rules, which should save FCU staff time and reduce compliance hassle.
NCUA says small credit unions not hurt
The NCUA certifies the proposed rescission would not have a significant economic impact on a substantial number of small credit unions. For this analysis, the agency defines small credit unions as those with under $100,000,000 in assets.
No change to substantive membership rules
The proposed rescission of IRPS 10-1 would not add, remove, clarify, or otherwise change the substantive chartering or field-of-membership requirements already set by the Federal Credit Union Act and the NCUA Chartering Manual. If you are a credit union member, your substantive rights and requirements remain governed by the FCU Act and the Chartering Manual.
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