Credit Unions Asked to Comment on Same Old Merger Paperwork
Published Date: 4/16/2026
Notice
Summary
The National Credit Union Administration (NCUA) is asking for public feedback on renewing and updating some paperwork rules that credit unions follow when they merge or change their insurance status. This affects about 163 credit unions and involves around 5,300 hours of paperwork yearly. Comments are due by May 18, 2026, so now’s the time to weigh in and help shape the process!
Analyzed Economic Effects
4 provisions identified: 4 benefits, 0 costs, 0 mixed.
Credit Union Mergers and Insurance Changes
If your federally-insured credit union merges or converts its share insurance, NCUA rules require written NCUA Board approval and set procedural and disclosure requirements for those mergers or insurance-status changes. NCUA estimates this collection affects 163 respondents, 975 total annual responses, and 5,322 total annual burden hours. Comments are due by May 18, 2026.
Credit Union Privacy Notices and Opt-Outs
If you are a credit union customer, your credit union must give you clear privacy notices and offer you the chance to opt out of some sharing of your personal financial information. The NCUA estimates this collection covers 1,801,750 respondents, 1,801,750 annual responses, and 485,282 total annual burden hours. Comments on this paperwork renewal are due by May 18, 2026.
Reverse Mortgage Risk Management Guidance
NCUA is renewing guidance to help credit unions manage compliance and risks from reverse mortgage lending and to ensure their consumer protection practices address those risks. The collection covers 12 respondents, 12 annual responses, and 128 total annual burden hours. Comments must be received by May 18, 2026.
Privacy Act Identity Verification and Consent
NCUA proposes a new collection to verify identities and obtain consent before disclosing records protected under the Privacy Act, to prevent wrongful disclosures and to support processing of FOIA and Privacy Act requests. This new collection is estimated to affect 60 respondents, 60 total annual responses, and 16 total annual burden hours. Comments are due by May 18, 2026.
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Key Dates
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