NCUAProposed Rule
Termination of Excess Insurance Coverage
Finance & Banking
38 days left to comment
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Summary
The National Credit Union Administration (NCUA) is proposing a rule to allow credit unions to stop providing insurance coverage that goes beyond what is required by law. This change could affect credit union members by potentially reducing the extra protections some members currently have on their accounts.
Key Points
- 1Credit unions would be allowed to eliminate insurance coverage that exceeds the federal minimum requirements set by the NCUA
- 2This primarily affects credit union members who may lose additional account protections they currently rely on
- 3The public has until March 31, 2026 to submit comments supporting or opposing this proposed change
- 4The rule targets excess insurance policies that credit unions maintain beyond mandatory federal standards
- 5This is still in the proposal stage and has not yet become official policy
Key Dates
Published
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.
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