NCUA Board Extends Loan Interest Rate Ceiling

Posted by John Trull on February 9, 2026

The NCUA has approved a one-year extension of the 18% interest rate cap for federal credit unions. Had the agency not acted by March, the cap would have expired and automatically reverted to the statutory 15% limit.

There had been some speculation that the NCUA might allow the cap to lapse following recent comments by the President related to a potential 10% credit card cap. Had that occurred, it would have created significant operational and member-service impacts, particularly for credit unions offering small-dollar loan programs.

The NCUA was aware of both the deadline and the consequences of inaction, and as anticipated extended the current cap.

You can read more here. 

Posted in Advocacy on the Move.