NCUA Chairman Kyle Hauptman leads the board meeting on April 9, 2026.
The NCUA Board convened Thursday for its first open meeting in 77 days, using the session to highlight regulatory clarity efforts, an aggressive deregulation push and the agency's long-term strategic direction.
During the April 9 meeting, Board members were briefed on newly issued guidance related to brokered and reciprocal deposits, which aims to clarify how federally insured credit unions can participate in these funding networks. Chairman Kyle Hauptman emphasized that while such deposits are permitted and can offer benefits, credit unions must carefully manage associated risks, including potential impacts on funding costs and CAMELS ratings.
The Board also received an update on the NCUA's ongoing Deregulation Project, one of the most expansive regulatory reviews in years. Since launching in December 2025, the agency has issued 29 proposed rulemakings and received more than 230 public comments, with early feedback largely supportive of efforts to eliminate outdated or duplicative requirements.
In addition, officials outlined the agency's 2026–2030 Strategic Plan, which establishes a new mission centered on expanding access to safe, sound and resilient credit unions. The plan included three strategic goals and nine objectives, alongside a broader agency reorganization expected to be completed by the end of 2027.
The Board also reviewed the 2026 Annual Performance Plan, which sets 23 measurable performance indicators tied directly to the strategic plan, signaling a more metrics-driven approach to execution in the years ahead.
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