ALEXANDRIA, Va.--NCUA Monday issued a final rule for Dependent Care and Board Member Reimbursement, the agency announced.
The NCUA board amended its regulations concerning the reimbursement of reasonable expenses for federal credit union officials to remove potential barriers to volunteer service.
"This final rule provides flexibility for a federal credit union’s board to adopt more family-friendly policies tailored to its size, region, and operations. Previously, dependent care costs had not been considered reasonable expenses under NCUA regulation 12 C.F.R. 701.33," NCUA said.
The final rule applies to all federal credit unions, including corporate federal credit unions. It will not apply to federally insured, state-chartered credit unions, which remain subject to state law.
The final rule is effective 30 days from the date of publication in the Federal Register and takes into consideration public comments received from the proposed rule that was issued on January 26, 2026. Find the final rule here: www.federalregister.gov/public-inspection/2026-11507/dependent-care-and-board-member-expense-reimbursemen