Federal credit unions are member-owned depository institutions that provide consumer banking services including deposit accounts and payment services, making them functionally equivalent to retail banks under the taxonomy's definition.
Low confidence — REQUIRES HUMAN REVIEW. This update concerns payment card fee authority and regulatory preemption, not investment services or asset management, so Investment Services does not apply.
Specialism
The NCUA's clarification of FCUs' authority to charge non-interest fees and interchange fees represents a regulatory update on permissible fee structures and merchant surcharging practices.
Mandatory inheritance: Surcharging is a child of Supervision, so Supervision must be raised as the secondary tag.
2026-06-09 14:13:08·pdonofrio@vixio.com
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The National Credit Union Administration (NCUA) published an Interim Final Rule[SR1.1] to clarify federal credit unions’ (FCUs) power to charge non-interest charges and fees, including interchange fees, under the Federal Credit Union Act.
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TITLE: National Credit Union Administration Clarifies Federal Credit Unions' Non-interest Charges and Fees Authority
BODY:
On June 8, 2026, the National Credit Union Administration (NCUA) published an Interim Final Rule to clarify federal credit unions' (FCUs) power to charge non-interest charges and fees, including interchange fees, under the Federal Credit Union Act.
The Interim Final Rule establishes that NCUA has exclusive authority over FCUs' ability to charge non-interest charges and fees related to payment card services. The rule is intended to preempt any state law affecting these charges and fees. Although NCUA believes its existing preemption rules already permit FCUs to impose fees set by third parties without state interference, the agency adopted this Interim Final Rule to clarify FCU authority and ensure consistency with national banks. The Office of the Comptroller of the Currency recently issued a similar interim final rule on the same subject, prompting NCUA to act to avoid disparity between FCUs and national banks. The Interim Final Rule makes clear that state rules regulating FCU activity related to non-interest charges and fees, including interchange fees, are not applicable to FCUs.
The Interim Final Rule takes effect on June 30, 2026. Federal credit unions should review the rule to ensure compliance with the new clarified authority regarding non-interest charges and fees. The NCUA, created by U.S. Congress to regulate, charter and supervise federal credit unions, operates and manages the National Credit Union Share Insurance Fund with the backing of the full faith and credit of the United States.
REFERENCES:
National Credit Union Administration Press Release, June 8, 2026: https://www.ncua.gov/news-and-events/news-releases/2026-06-08-ncua-clarifies-federal-credit-unions-power
NCUA Clarifies Federal Credit Unions’ Power | NCUA Skip to main content NCUA Clarifies Federal Credit Unions’ Power June 2026 NCUA Clarifies Federal Credit Unions’ Power Agency Adopts Interim Final Rule Relating to Non-interest Charges and Fees. Alexandria, VA (June 8, 2026) ―The National Credit Union Administration (NCUA) published an Interim Final Rule to clarify federal credit unions’ (FCUs) power to charge non-interest charges and fees, including interchange fees, under the Federal Credit Union Act. NCUA has exclusive authority over FCUs’ ability to charge non-interest charges and fees. The Interim Final Rule is intended to preempt any state law affecting the non-interest charges and fees related to payment card services. Although NCUA believes that its preemption rules already allow FCUs to impose fees that are set by a third party without state interference, NCUA is adopting this Interim Final Rule both to clarify FCU authority and to avoid any disparity between FCUs and national banks in light of a recently issued interim final rule on the same subject by the Office of the Comptroller of the Currency. As the NCUA’s Interim Final Rule makes clear, state rules regulating FCU activity related to non-interest charges and fees, including interchange fees, are not applicable to FCUs. The Interim Final Rule takes effect June 30, 2026. The NCUA is the federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund . Last modified on 06/08/26 Media Inquiries OEACmail@ncua.gov 703.518.6330 Comments on Anti-Money Laundering and Countering the Financing of Terrorism Programs Due June 9 Jun 9, 2026 - Deadline Comments on Deregulation Project Proposal Due June 22 Jun 22, 2026 - Deadline NCUA Board Meeting Jun 24, 2026 - Board Meeting Comments on Deregulation Project Proposal Due July 6 Jul 6, 2026 - Deadline Was this page useful?