WASHINGTON, DC (July 8, 2026) |
The Defense Credit Union Council (DCUC) has recently submitted two comment letters to the National Credit Union Administration (NCUA) addressing proposed regulatory changes affecting credit unions.
In its first letter filed on Thursday, July 2, DCUC expressed support for the NCUA's proposal to increase the Depository Institution Management Interlocks Act (DIMIA) asset thresholds to $10 billion, reflecting the significant growth of financial institutions since the thresholds were established in 1996. DCUC noted that modernizing the thresholds would reduce unnecessary regulatory burden while preserving safeguards against anticompetitive management interlocks among the largest institutions.
DCUC supports establishing a single $10 billion threshold for both institutions involved in an interlock, creating a more consistent and predictable regulatory framework aligned with other federal financial regulators. However, DCUC opposed the proposed elimination of the rebuttable presumption protecting management interlocks involving institutions led by women and minority groups, noting that the NCUA has not demonstrated that removing the provision would improve supervision or reduce burden.
In addition, DCUC provided official comments on the agency's proposal to amend the format of its regulations governing share insurance requirements. While supportive of the NCUA's broader deregulatory efforts, DCUC expressed concern that the proposal would not meaningfully reduce compliance burden and could eliminate valuable cross-references that help credit unions identify applicable requirements.
In the letter, DCUC encouraged the NCUA to prioritize reforms that deliver measurable reductions in operational complexity and compliance costs and recommended supplementing the rulemaking process with stakeholder roundtables and listening sessions to better identify unnecessary regulatory burdens.