NCUA Board Extends Loan Interest Rate Ceiling

Alexandria, VA (February 6, 2026) ― The National Credit Union Administration Board (Board), approved the continuation of a temporary 18-percent interest rate ceiling for loans made by federal credit unions. The Board action extends the temporary interest rate ceiling to September 10, 2027.

The Federal Credit Union Act generally limits federal credit unions to a 15-percent interest rate ceiling on loans. However, the NCUA Board may establish a temporary, higher rate for up to 18 months if it determines that money market interest rates have risen over the preceding six-month period and that the prevailing interest rate levels threaten the safety and soundness of individual credit unions.

Staff analysis determined the statutory criteria have been met for the NCUA Board to establish an interest rate ceiling exceeding 15 percent. Details of the staff analysis are available online.

The Board will continue to monitor market rates and credit union financial conditions.

For more information, see recent Letter to Credit Unions.