Credit Union Investment Authority Act

Summary#

This bill, the Credit Union Investment Authority Act, would change the Federal Credit Union Act to let Federal credit unions buy more kinds of investments. It adds a new option to invest in certain corporate debt of agencies, associations, or companies that are not limited to credit unions or their members. It sets a limit that no credit union may invest more than 10 percent of its paid-in unimpaired capital and surplus in obligations of any single issuer. The bill also adds asset-backed securities (as defined in the Securities Exchange Act of 1934) to the list of allowable investments. The National Credit Union Administration (NCUA) Board must write rules within 1 year that cover minimum issue size at initial distribution, minimum aggregate sale price, and required investment grade for those asset-backed securities. The bill was introduced on August 13, 2026, by Representatives Janelle Bynum and Young Kim and was referred to the House Committee on Financial Services.

What it means for you#

• Federal credit unions could have new choices for where to put their funds: certain corporate debt and asset-backed securities.
• Each credit union would be limited to investing no more than 10 percent of its paid-in unimpaired capital and surplus in the obligations of any single issuer.
• The NCUA will make rules within one year that set standards for the asset-backed securities that credit unions may buy, including minimum issue size, total sale price, and required credit quality.
• The bill text does not say how these changes will affect account holders, deposit rates, or loan availability.

Expenses#

No publicly available information on federal costs or fiscal estimates in the bill text or provided metadata.

Proponents' View#

No publicly available information on proponents' stated views in the bill text or provided metadata.

Opponents' View#

No publicly available information on opponents' stated views in the bill text or provided metadata.