DCUC Urges NCUA to Extend 18% Federal Credit Union Loan Interest Rate Cap
By DCUC Staff —
The Defense Credit Union Council (DCUC) has formally requested that the National Credit Union Administration (NCUA) extend the current temporary 18% interest rate ceiling for federal credit union loans beyond its scheduled expiration on March 10, 2026. In a letter addressed to NCUA Chairman Kyle Hauptman and the NCUA Board, DCUC Chief Advocacy Officer Jason Stverak voiced that maintaining the 18% cap is critical to preserving credit union safety and soundness while ensuring continued access to affordable credit for members, especially those of modest means or limited credit histories.
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Originally reported by DCUC.