National Credit Union Administration
The NCUA Board is amending its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The amendment revises the definition of compensation to exclude dependent care costs incurred by volunteer officials while attending board meetings and performing official credit union duties. By recognizing these costs as reimbursable, the NCUA Board is authorizing FCUs to remove a potential barrier to volunteer service for persons with dependent care responsibilities. The final rule also provides flexibility for FCU boards to adopt more family-friendly policies tailored to their size, region, and operations. The final rule follows publication of the January 26, 2026, proposed rule, and takes into consideration the public comments received.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. National Credit Union Administration 12 CFR Part 701 RIN 3133-AF64 AGENCY: National Credit Union Administration (NCUA). ACTION: Final rule. SUMMARY: The NCUA Board is amending its regulations concerning the reimbursement of reasonable expenses for federal credit union (FCU) officials. The amendment revises the definition of compensation to exclude dependent care costs incurred by volunteer officials while attending board meetings and performing official credit union duties. By recognizing these costs as reimbursable, the NCUA Board is authorizing FCUs to remove a potential barrier to volunteer service for persons with dependent care responsibilities. The final rule also provides flexibility for FCU boards to adopt more family-friendly policies tailored to their size, region, and operations. The final rule follows publication of the January 26, 2026, proposed rule, and takes into consideration the public comments received. DATES: This final rule is effective on July 9, 2026. FOR FURTHER INFORMATION CONTACT: Office of General Counsel: Keisha L. Brooks, Attorney-Advisor, Office of General Counsel, at (703) 518-6540 or by mail at 1775 Duke Street, Alexandria, VA 22314. Office of Examination and Insurance: Lauren G. Kamin, Risk Officer, by telephone at (703) 664-3868 or by mail at the address above. SUPPLEMENTARY INFORMATION: I. Introduction A. Background Since 1934, the Federal Credit Union Act (the FCU Act) has restricted FCU board compensation. Under section 111 of the FCU Act …
Citation: 91 FR 34733
