NCUA Seeks Renewal for Credit Union Fraud Data Collection
Published Date: 11/17/2025
Notice
Summary
The National Credit Union Administration (NCUA) is renewing its approval to collect info from federal credit unions about insurance and personnel security. This helps keep credit unions safe from fraud and ensures employees are trustworthy. Only 11 credit unions are involved, and the paperwork time has dropped a bit. Comments on this renewal are due by December 17, 2025.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Credit Unions: Fidelity Bond Info Renewal
The NCUA is renewing its information collection about fidelity bond and insurance coverage for federal credit unions. The affected public is 11 federal credit unions, with an estimated 1 response per respondent, 1 hour per response, and a total annual burden of 11 hours. The renewal helps NCUA monitor safety and soundness and protection against insider fraud.
NCUA Personnel Security Forms Renewal
The NCUA is renewing collection of personnel security processing forms used for background investigations of federal employees and contractors. The agency estimates 500 respondents, 1,200 total annual responses, 0.16 hours per response, and 200 total annual burden hours. These forms are used to apply suitability/fitness criteria before employees or contractors begin work.
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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.
2026-16023, Requirements for Insurance
The NCUA Board (Board) is amending its regulations that establish the requirements for obtaining and maintaining federal share insurance with the National Credit Union Share Insurance Fund (Share Insurance Fund). The provisions of this part apply to all federally insured credit unions (FICUs). The rule will reduce regulatory burden by eliminating unnecessary and redundant requirements related to disclosing when nonmember accounts are not covered by federal share insurance.
2026-16026, Termination of Excess Insurance Coverage
The NCUA Board (Board) is amending its regulations that establish the requirements for obtaining and maintaining federal share insurance with the National Credit Union Share Insurance Fund (Share Insurance Fund). The provisions of this part apply to all federally insured credit unions (FICUs). This final rule will reduce regulatory burden by amending the provision on the timing of prior notice provided to members of the termination of excess non-federal insurance coverage.
2026-16027, Suretyship and Guaranty; Segregated Deposit and Collateral
The NCUA Board (Board) is amending its regulations to eliminate prescriptive segregated deposit and collateral requirements for suretyship and guaranty agreements. By removing these requirements, the Board is authorizing federally insured credit unions (FICUs) acting as sureties and guarantors to design products that address member needs while maintaining safety and soundness standards. Federal credit unions (FCUs), and federally insured, state-chartered credit unions (FISCUs) if permitted under state law to act as a surety or guarantor, continue to be subject to other requirements related to these arrangements, including the applicable lending regulations. The final rule follows publication of the December 29, 2025, proposed rule, and takes into consideration the public comments received.
2026-16028, Chartering and Field of Membership for Federal Credit Unions-Interpretive Ruling and Policy Statement 06-1
The NCUA Board (Board) is rescinding Interpretive Ruling and Policy Statement (IRPS) 06-1. The Chartering and Field of Membership Manual (Chartering Manual) incorporates the current requirements for adding underserved areas, making IRPS 06-1 unnecessary. This rescission reduces the burden for federal credit unions (FCUs) by limiting the number of sources that FCUs must check to verify compliance with applicable requirements. After considering the public comments, the Board adopts the proposal without modification.
2026-16021, Credit Union Service Contracts
The NCUA Board (Board) is revising its regulations governing the organization and operation of federal credit unions (FCUs) by eliminating a provision related to credit union service contracts. The Board intends to reduce administrative costs and compliance complexity with this revision, enabling FCUs to serve their members more efficiently.
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