NCUA announced Thursday it is rescinding much of its pandemic-related guidance to credit unions. This follows the end of the federal government’s COVID-19 public health emergency declaration on April 10.
NCUA developed the COVID-19 Resource Center and published guidance letters issued to all federally insured credit unions during the pandemic to ensure they took steps to assist credit union members through the unprecedented pandemic and its economic and financial disruptions.
With the ending of the national emergency, the NCUA reviewed all COVID-related supervisory guidance and identified what is no longer applicable or necessary. A complete list of archived or rescinded guidance and guidance still in effect is available on NCUA’s website.
NCUA will also notify state supervisory authorities of this action to ensure awareness of the archiving of outdated pandemic-related guidance and any pandemic-related guidance that remains in effect.