NCUA Proposes Childcare Reimbursements for Credit Union Volunteers
Published Date: 1/26/2026
Proposed Rule
Summary
The NCUA wants to let federal credit union volunteer board members get reimbursed for reasonable dependent care costs when they attend meetings or do official work. This change helps make volunteering easier for those with family care needs by allowing credit unions to create friendlier policies. Comments on this proposal are open until March 27, 2026, so now’s the time to weigh in!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Volunteer Board Members Can Be Reimbursed
If you are a volunteer board member at a federal credit union (FCU), your FCU board could adopt a written policy to reimburse reasonable dependent care costs when you attend board meetings or perform official duties. The proposed amendment would change 12 CFR 701.33 to include "dependent care costs," defined by reference to 26 U.S.C. 21(b), and such payments would be discretionary (the FCU board may permit or prohibit them). Comments on the proposal are due March 27, 2026.
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Key Dates
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