NCUA approves dependent care reimbursement rule for federal credit unions
The National Credit Union Administration is moving to widen reimbursement rules for federal credit union officials as it seeks to reduce barriers to volunteer board service. The measure lets boards adopt family-friendly expense policies based on their size, region, and operations, and takes effect 30 days after publication in the Federal Register.
Highlights
- NCUA Board approved a final rule allowing federal credit unions to reimburse dependent care as a reasonable board member expense under 12 C.F.R. 701.33.
- The rule applies to all federal credit unions, including corporate types, but exempts federally insured state-chartered credit unions governed by state law.
- The final rule, updated after the January 26, 2026 public comment period, will be effective 30 days after Federal Register publication.
Rule changes for board expense policies
As reported by the National Credit Union Administration, the NCUA Board has amended its regulations on reimbursing reasonable expenses for federal credit union officials under a final rule on dependent care and board member reimbursement.The change removes a potential obstacle to volunteer service by allowing federal credit union boards more flexibility to set policies that reflect their operating needs. Under the previous framework, dependent care costs were not considered reasonable expenses under NCUA regulation 12 C.F.R. 701.33.
Scope and implementation for the credit union sector
The final rule applies to all federal credit unions, including corporate federal credit unions. It does not apply to federally insured, state-chartered credit unions, which remain subject to state law.The agency says the rule incorporates public comments received after the proposed version was issued on January 26, 2026. The measure becomes effective 30 days from the date it is published in the Federal Register.
Our earlier coverage on the UK Financial Conduct Authority’s proposed money market fund liquidity rules explained how the regulator plans to tighten resilience standards in short-term funding markets. The proposal set supervisory expectations for weekly liquid assets—40% for stable NAV funds and 20% for variable NAV funds—signaling a more prescriptive approach to risk management to support financial stability and market integrity.
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