Washington, DC (February 9, 2026) |
The Defense Credit Union Council (DCUC) applauds the National Credit Union Administration (NCUA) for its decision to extend the temporary 18-percent loan interest rate ceiling for federal credit unions through September 10, 2027.
Earlier this week, DCUC sent a letter voicing this as a critical measure, with DCUC Chief Advocacy Officer Jason Stverak noting that “allowing the loan interest rate ceiling to revert to the statutory 15% would significantly restrict credit availability.”
Today, Stverak thanks the NCUA Board for the extension, stating, “This action reflects a clear understanding of today’s interest-rate environment and the importance of preserving credit unions’ ability to safely and responsibly meet the credit needs of their members. Most credit unions price loans well below the 18-percent ceiling; however, retaining this flexibility is critical to ensuring credit unions can continue serving higher-risk and underserved borrowers without compromising safety and soundness or pushing members toward predatory lenders and less regulated alternatives.”
Stverak adds, “We appreciate the Board’s careful review of market conditions and its continued commitment to a regulatory framework that balances prudential oversight with the operational flexibility credit unions need to fulfill their mission. DCUC looks forward to continuing our constructive engagement with the NCUA on policies that strengthen the credit union system and protect the members we collectively serve.”