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NCUA has launched a new Deregulation and Simplification Project, signaling a shift toward clearer, more flexible rules—without weakening safety and soundness.

In this episode of With Flying Colors, Mark Treichel breaks down the four proposed regulatory changes released by NCUA and explains what they mean in practice for credit unions, boards, and exam preparation.

Rather than a wholesale rewrite, this package focuses on clarity, structure, and regulatory housekeeping—especially around audits, corporate credit union governance, and cybersecurity guidance.

Key topics covered:

• Updates to Supervisory Committee audit rules (Part 715)
• Technical and governance clarifications for corporate credit unions
• Why cybersecurity guidance is moving out of regulation and into Letters to Credit Unions
• What’s not changing—despite the headlines
• How this project fits into broader NCUA budget and structural discussions

Mark also shares perspective on why moving guidance out of the CFR matters—and what credit unions should (and shouldn’t) do next.

More regulatory developments are coming fast, including NCUA’s upcoming board meeting and budget discussions. Stay tuned.