Public Unit and Nonmember Shares
Summary
This proposed rule from the National Credit Union Administration (NCUA) would change how credit unions handle shares (accounts) for public organizations and non-members. The regulation aims to clarify rules about who can hold shares in credit unions and under what conditions, which could affect how credit unions serve their communities and manage member accounts.
Key Points
- 1The rule defines how credit unions can offer share accounts to public units (like local governments and schools) and non-members who aren't traditional credit union members
- 2It establishes clearer guidelines for credit unions to follow when deciding whether to accept deposits from these groups
- 3The changes could make it easier for some public organizations to bank with credit unions instead of only traditional banks
- 4Credit unions and the public have until March 31, 2026 to submit comments on whether this rule is a good idea
- 5The rule was proposed on January 28, 2026 and is still in the early stages of the regulatory approval process
Key Dates
January 28, 2026
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
The Digest Network
AI Comment Drafter
Describe your concern and we'll help you draft a substantive comment.
AI-generated draft. Always review and edit before submitting. Replace all [bracketed placeholders] with your specific details. Your comment should reflect your genuine views and experience.