AGENCY:
National Credit Union Administration (NCUA).
SUMMARY:
The NCUA Board proposes to rescind its Interpretative Ruling and Policy Statement 06-1 (IRPS 06-1). Rescinding IRPS 06-1 would ease the compliance burden on Federal credit unions (FCUs) by limiting the number of sources that FCUs must check to ensure compliance with applicable chartering and field of membership (FOM) requirements.
DATES:
Comments must be received on or before April 13, 2026.
ADDRESSES:
Comments may be submitted in one of the following ways. (Please send comments by one method only):
- Federal eRulemaking Portal: https://www.regulations.gov/. The docket number for the proposed IRPS recission is NCUA-2026-0265. Follow the “Submit a comment” instructions. If you are reading this document on ( printed page 6139) federalregister.gov, you may use the green “SUBMIT A PUBLIC COMMENT” button beneath this rulemaking’s title to submit a comment to the regulations.gov docket. A plain language summary of the proposed recission is also available on the docket website.
- Mail: Address to Melane Conyers-Ausbrooks, Secretary of the Board, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428.
- Hand Delivery/Courier: Same as mailing address.
Mailed and hand-delivered comments must be received by the close of the comment period.
Public inspection: Please follow the search instructions on https://www.regulations.gov to view the public comments. Do not include any personally identifiable information (such as name, address, or other contact information) or confidential business information that you do not want publicly disclosed. All comments are public records; they are publicly displayed exactly as received, and will not be deleted, modified, or redacted. Comments may be submitted anonymously. If you are unable to access public comments on the internet, you may contact the NCUA for alternative access by calling (703) 518-6540 or emailing OGCMail@ncua.gov.