NCUA rescinds most COVID-19 guidance to credit unions
ALEXANDRIA, VA (June 22, 2023) — Following the ending of the federal government’s COVID-19 public health emergency declaration on April 10, the National Credit Union Administration announced today that it is rescinding many of its pandemic-related guidance to credit unions.
During the pandemic, the NCUA developed the COVID-19 Resource Center and published guidance letters issued to all federally insured credit unions to ensure they took steps to assist credit union members through the unprecedented pandemic and its economic and financial disruptions.
With the ending of the national emergency, the NCUA reviewed all COVID-related supervisory guidance and identified what is no longer applicable or necessary. A complete list of archived or rescinded guidance and guidance still in effect is available on the NCUA’s website.
The NCUA will also notify state supervisory authorities of this action to ensure awareness of the archiving of outdated pandemic-related guidance and any pandemic-related guidance that remains in effect.
About National Credit Union Administration (NCUA)
The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.