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NCUA RIN: 3133-AF99 Publication ID: 2026 
Title: ●Refund of Interest 
Abstract:

The NCUA Board (Board) is issuing for public comment a proposal to rescind its regulation  701.24, which addresses the refund of interest to members. This regulation is redundant, as it restates the authority already granted to a federal credit union’s (FCU’s) board of directors by the Federal Credit Union Act (FCU Act) section 113(9).

 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Deregulatory 
CFR Citation: 12 CFR 701.24   
Legal Authority: 12 U.S.C. 1752(5)    12 U.S.C. 1755 to 1759    12 U.S.C. 1761(a) and 1761(b)    12 U.S.C. 1766 and 1767    12 U.S.C. 1782    12 U.S.C. 1784 to 1789    15 U.S.C. 3717    15 U.S.C. 1601 et seq.    42 U.S.C. 1981    42 U.S.C. 3601 to 3610    42 U.S.C. 4311 and 4312    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/25/2026  91 FR 9179   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Thomas I. Zells
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 548-2478
Fax:703 518-8566
Email: tizells@ncua.gov