Credit Union Forms Get Boring Renewal Stamp
Published Date: 10/31/2025
Notice
Summary
The National Credit Union Administration (NCUA) is renewing its approval to collect info about real estate appraisals from credit unions. This helps keep loans safe and fair by making sure appraisals meet certain standards. If you want to share your thoughts, send comments by December 1, 2025—no big cost changes, just keeping rules up to date!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Appraisal Records: Big Paperwork Load
If you run or work for a credit union, the NCUA is renewing rules that require credit unions to obtain written appraisals for federally related real estate transactions or keep written support for estimated market value. The renewal cites OMB No. 3133-0125, estimates 3,451 respondents, 1,898,740 total annual responses, about 11 hours per response, and an estimated 215,621 total annual burden hours.
AVM Quality Controls Required for Lenders
The notice describes related interagency requirements for automated valuation models (AVMs) used by mortgage originators and secondary market issuers: institutions engaging in certain credit or securitization decisions would need policies, procedures, and controls to ensure AVMs meet quality standards, protect against data manipulation, avoid conflicts of interest, require random sample testing and reviews, and comply with nondiscrimination laws.
Corporate Credit Unions: Reporting Burden
NCUA is renewing information collection for corporate credit unions under 12 CFR part 704 (OMB No. 3133-0129). The agency estimates 11 respondents, 241 total annual responses, about 5 hours per response, and 230 total annual burden hours.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-16022, Corporate Credit Unions
The NCUA Board (Board) is issuing this action to rescind its Interpretive Ruling and Policy Statement (IRPS) 11-02, which addresses chartering corporate credit unions, because it is redundant to the Federal Corporate Credit Union Chartering Manual. This action eliminates potential confusion.
2026-16031, Chartering and Field of Membership for Federal Credit Unions-Interpretive Ruling and Policy Statement 08-2
The NCUA is saying goodbye to an old rule called IRPS 08-2 because its key points are now part of the main Chartering Manual. This change makes life easier for federal credit unions by cutting down on the paperwork and checks they need to do. The new rule kicks in on September 8, 2026, helping credit unions serve their communities faster without extra hassle.
2026-16027, Suretyship and Guaranty; Segregated Deposit and Collateral
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2026-16029, Third-Party Servicing of Indirect Vehicle Loans
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2026-16030, Purchase, Sale, and Pledge Of Eligible Obligations
The National Credit Union Administration is making it easier for federal credit unions to handle buying, selling, and pledging loans by cutting out strict rules on what their policies must include. This change lets credit unions be more flexible and efficient while still following important conflict-of-interest rules already in place. The new rule kicks in on September 8, 2026, helping credit unions save time without changing how they protect members' money.
2026-16024, Chartering and Field of Membership for Federal Credit Unions-Interpretive Ruling and Policy Statement 10-1
The NCUA Board (Board) is rescinding Interpretive Ruling and Policy Statement (IRPS) 10-1. The Chartering and Field of Membership Manual (Chartering Manual) incorporates NCUA's current chartering requirements for federal credit unions (FCUs), making IRPS 10-1 unnecessary. This rescission reduces the burden for FCUs by limiting the number of sources that they must check to verify compliance with applicable requirements. After considering the public comments, the Board adopts the proposal without modification.
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