DCUC Submits Comments on NCUA’s Voluntary Regulatory Review, Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA)

​WASHINGTON, D.C. – This morning, the Defense Credit Union Council (DCUC) submitted a letter to the National Credit Union Administration (NCUA) as part of its voluntary review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). While NCUA is not required to participate, DCUC expressed its appreciation for the NCUA’s decision to do so, demonstrating a commitment to burden reduction, transparency, and collaboration.

In a letter sent to NCUA Secretary of the Board, Melane Conyers-Ausbrooks, DCUC stressed the importance of tailoring regulations to the unique needs of servicemembers, veterans, and their families.

DCUC’s recommendations included:

• Expanding stakeholder outreach (roundtables, town halls, listening sessions) and strengthening collaboration with agencies like the CFPB, FFIEC, and FSOC to ensure regulators understand the credit union model;
  
•  providing longer compliance timelines, especially for smaller institutions, and improving industry education through webinars, FAQs, and compliance guides;
  
• lowering the Complex Credit Union Leverage Ratio (CCULR) threshold from 9% to 8.5% and reevaluating Prompt Corrective Action (PCA) net worth categories for greater flexibility;
  
• urging Congress to expand the Central Liquidity Facility by raising borrowing capacity, allowing corporate CUs to borrow directly, and enabling broader agent membership;
  
• modernizing outdated disclosure rules under the Truth in Savings Act/Regulation DD to reflect today’s digital banking environment, ensuring disclosures are clear, electronic, and practical.

“DCUC commends the NCUA for proactively reviewing its regulations and stands ready to assist in advancing reforms that balance safety, soundness, and consumer protection with reduced regulatory burden,” says Jason Stverak, DCUC Chief Advocacy Officer.

See DCUC’s official letter for more details, and visit dcuc.org/advocacy.