Suretyship and Guaranty; Segregated Deposit and Collateral
Summary
The National Credit Union Administration (NCUA) is proposing new rules about how credit unions must handle money that's guaranteed or backed by a third party. This regulation ensures that when someone guarantees a loan or pledges collateral at a credit union, that money is properly separated and protected from other accounts.
Key Points
- 1Credit unions must keep guaranteed deposits and collateral in separate accounts to protect them if the credit union fails
- 2The rule applies to situations where one person guarantees another person's loan or deposit at a credit union
- 3This protects both borrowers and people who guarantee loans by making sure their pledged money isn't mixed with other funds
- 4Credit unions will need to update their procedures and record-keeping to comply with these new separation requirements
- 5The public has until February 28, 2026 to submit comments on the proposed rule before it becomes final
Key Dates
December 29, 2025
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.
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