NCUA Board Chairman Kyle Hauptman during the Jan. 22, 2026 board meeting.
The NCUA Board on Thursday reviewed a proposed rule to allow reimbursement of dependent care expenses for federal credit union officials and received a briefing on the Central Liquidity Facility’s 2026–2027 budget during its first board meeting of the year.
In his opening remarks, Board Chairman Kyle Hauptman announced the agency will host a public webinar on Feb. 19 at 2 p.m. EST to discuss the recent release of its 2026 supervisory priorities.
Those priorities, filed earlier this month, are centered on areas posing the greatest risk to members, the industry and the National Credit Union Share Insurance Fund. The guidance is intended to help credit unions prepare for upcoming exams and is consistent with the agency’s stated policy of avoiding “regulation by enforcement.”
Hauptman said the NCUA will provide additional information about the webinar in the coming weeks.
In its first order of business Thursday concerning the reimbursement of dependent care expenses, federal credit unions would be permitted to reimburse volunteer board members and officials for reasonable childcare and eldercare costs incurred while attending board meetings or performing official duties. NCUA officials said rising dependent care expenses have created barriers to volunteer service, particularly for individuals balancing family responsibilities.
Currently, dependent care costs are not considered reimbursable expenses under NCUA regulations. The proposed change would amend those rules to allow federal credit unions to adopt policies supporting reimbursement, aiming to promote more inclusive and family-friendly governance practices. The rule would apply to federally chartered credit unions and corporate credit unions, not state-chartered institutions, which remain subject to state law.
Separately, the Board received an update on the Central Liquidity Facility’s 2026–2027 budget. CLF officials reported a projected 12% decrease in the 2026 budget compared with 2025, reflecting continued efforts to improve operational efficiency. The facility expects total assets of $1.01 billion, $30.4 million in investment income and $48.2 million in retained earnings.
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