NCUA Deregulation: What the Twelfth Round Would Change

NCUA deregulation proposals announced October 14 would change how credit unions approve fidelity bonds, request recognition of new incidental powers, and administer Central Liquidity Facility membership. Several requirements would remain, including annual board review of fidelity bond coverage and the process for seeking Board approval of activities outside preapproved incidental powers.

The twelfth round of NCUA’s Deregulation Project contains three proposed rules. NCUA lists December 14, 2026, as the comment deadline for each. The proposals were placed on public inspection October 14 and are scheduled for Federal Register publication October 15. They are proposals, rather than effective rule changes.