# 2026-00592: NCUA Proposes Scrapping Old Rule for Simpler Credit Union Ops

2026-00592, Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements, is a Federal Register proposed rule from National Credit Union Administration published 2026-01-14, effective Comments must be received on or before March 16, 2026. (as of 2026-06-11).

- Canonical: https://policyrisk.com/federal-register/2026-00592
- As of: 2026-06-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-00592
- Title: Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements
- Type: Proposed Rule
- Agencies: National Credit Union Administration
- Citation: 91 FR 1464
- Published: 2026-01-14
- Effective: Comments must be received on or before March 16, 2026.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: 3133-AF81
- Last updated: 2026-06-11

## In one line

NCUA Proposes Scrapping Old Rule for Simpler Credit Union Ops

## Summary

The NCUA wants to make life easier for Federal credit unions by getting rid of a tricky rule called IRPS 08-2. This change means credit unions won’t have to check so many sources to follow membership rules, saving them time and hassle. If you’re involved with a Federal credit union, you’ve got until March 16, 2026, to share your thoughts on this proposed update.

## Abstract

The NCUA Board proposes to rescind its Interpretative Ruling and Policy Statement 08-2 (IRPS 08-2). Rescinding IRPS 08-2 would ease the compliance burden on Federal credit unions (FCUs) by limiting the number of sources that FCUs must check to ensure compliance with applicable chartering and field of membership (FOM) requirements.

## Effects PRIA read

- Less compliance burden for FCUs: benefit, low. If you run or work at a Federal credit union (FCU), the NCUA proposes to rescind IRPS 08-2 so your credit union would not have to check as many different sources to follow chartering and field-of-membership rules, which should reduce staff time and confusion. The proposal is open for comment until…
- Small credit unions face no new costs: benefit, low. The NCUA certifies the proposed rescission would not impose new requirements or a significant economic impact on small credit unions (defined by the agency as those with under $100 million in assets). Any economic effect is expected to be indirect and limited to reduced staff time and resources spe…
- Membership rules remain unchanged: benefit, low. If you are a member or potential member of a Federal credit union, the proposal says rescinding IRPS 08-2 would not add, remove, or otherwise change substantive chartering and field-of-membership requirements established in the Federal Credit Union Act and the NCUA Chartering Manual. That means eli…

## Related documents

- [2026-11559](https://policyrisk.com/federal-register/2026-11559): Preemption-Federal Credit Union Non-Interest Charges and Fees, 2026-06-09
- [2026-20729](https://policyrisk.com/federal-register/2026-20729): Proposed Agency Information Collection Activities; Comment Request, 2026-10-09
- [2026-19275](https://policyrisk.com/federal-register/2026-19275): Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments, 2026-09-21
- [2026-18859](https://policyrisk.com/federal-register/2026-18859): Proposed Third-Party Risk Management Guidance, 2026-09-15
- [2026-17307](https://policyrisk.com/federal-register/2026-17307): Interagency Rescission of the Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulatio…, 2026-08-25
- [2026-16031](https://policyrisk.com/federal-register/2026-16031): Chartering and Field of Membership for Federal Credit Unions-Interpretive Ruling and Policy Statement 08-2, 2026-08-06

## Sources
- [2026-00592 on federalregister.gov](https://www.federalregister.gov/documents/2026/01/14/2026-00592/chartering-and-field-of-membership-for-federal-credit-unions-interpretive-rulings-and-policy)
- [2026-00592 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-01-14/pdf/2026-00592.pdf)

## Related
- [Previous: 2026-00591, Nondiscrimination Requirements](https://policyrisk.com/federal-register/2026-00591)
- [Next: 2026-00594, Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulin…](https://policyrisk.com/federal-register/2026-00594)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-00592 (as of 2026-06-11).