Yet Another NCUA Policy Gets Axed for Manual Overlap
Published Date: 8/6/2026
Rule
Summary
The NCUA Board (Board) is rescinding Interpretive Ruling and Policy Statement (IRPS) 08-2. The Chartering and Field of Membership Manual (Chartering Manual) incorporates the current requirements for adding underserved areas, making IRPS 08-2 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.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
IRPS 08-2 Rescinded; Fewer Sources
The NCUA rescinds Interpretive Ruling and Policy Statement 08-2 effective September 8, 2026. If you run or manage a federal credit union (FCU), this reduces the number of guidance sources you must check to verify compliance with field-of-membership/underserved-area rules.
Chartering Manual Is Primary Source
NCUA confirms Chapter 3 of the Chartering and Field of Membership Manual contains the prevailing rules for adding underserved areas, so IRPS 08-2 is no longer needed. FCUs should rely on the Chartering Manual (Appendix B to 12 CFR part 701) as the consolidated source of these requirements.
No Significant Impact on Small CUs
NCUA certified under the Regulatory Flexibility Act that this rescission will not have a significant economic impact on a substantial number of small credit unions, where NCUA defines small credit unions as those with under $100 million in assets. The agency expects any effects to be limited to indirect reductions in staff time and resources spent checking duplicative sources.
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Key Dates
Department and Agencies
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