Statutory Lien

Official abstract: On February 25, 2026, NCUA (or `agency') published a proposed rule to solicit comments on the removal of a provision of NCUA regulations regarding federal credit unions' (FCUs) statutory lien authority. Upon further consideration, and based on the comments received, the Board is issuing this final rule, as proposed, to remove the term, "except as otherwise provided by law or except as otherwise provided by federal law." This language does not provide any assistance to FCUs in determining whether such statutory or case law exists, therefore it has no material value.