NCUA Proposes Rule to Simplify Credit Union Bank Conversions
February 12, 2026
February 12, 2026
WASHINGTON, Feb. 12 (TNSFR) -- The National Credit Union Administration issued a proposed rule aimed at modernizing the process for insured credit unions converting into banks. The proposal seeks to eliminate several prescriptive requirements, giving credit union boards of directors greater flexibility to exercise business judgment while reducing administrative costs.
Key Proposed Changes
NCUA is looking to move away from rigid procedural mandates in favor of more adapt . . .
Key Proposed Changes
NCUA is looking to move away from rigid procedural mandates in favor of more adapt . . .