Purchase, Sale, and Pledge Of Eligible Obligations

What it does

This final rule streamlines the NCUA Board (Board)'s regulations governing the purchase, sale, and pledge of eligible obligations. Specifically, the final rule removes the prescriptive lists of items that must be addressed in the written policies adopted by a federal credit union (FCU). Removal of the mandated items will enable a more efficient and principles-based approach. The final rule also removes detailed requirements regarding conflicts of interest and compensation. These regulatory provisions are unnecessary because FCUs are already governed by broader conflict of interest provisions in their bylaws and by the fiduciary duties of their officials. The final rule follows publication of a February 25, 2026, proposed rule and takes into consideration the public comments received on the proposal. After careful consideration of the comments, the Board has decided to adopt the proposed rule without change.

The National Credit Union Administration's summary, as published in the Federal Register.

What changed in the regulation

2 parts of Title 12 of the Code of Federal Regulations:

12 CFR 701, 12 CFR 746

Wording on eCFR: the day before it took effect and from the day it took effect (first part listed).

Compared with

The National Credit Union Administration has published 19 final rules in 2026 so far, compared with 2 in all of 2025.

Counted by the Tribune from Federal Register records since Jan. 1, 2025.

Before this

1 earlier Federal Register document under regulation identifier 3133-AF95 since Jan. 1, 2025.

• Feb. 25, 2026 Proposed rule. Purchase, Sale, and Pledge of Eligible Obligations

What happens next and when

This final rule is effective on September 8, 2026.

The agency's dates, word for word.

Check it yourself

• The document in the Federal Register
• Title 12 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register