On March 3, 2025, NCUA Chairman Kyle Hauptman announced the agency will no longer publish overdraft and non-sufficient fund (NSF) fee income for individual credit unions. Previously, NCUA required federally insured credit unions with more than $1 billion in assets to disclose, separately, income from overdraft and non-sufficient funds fees. Under the new policy, effective with the March 31, 2025 Call Report cycle, NCUA will collect overdraft and NSF fee data as part of the examination process.

In explaining the decision, Hauptman stated “… the previous data collection policy incentivized credit unions to avoid serving the needs of low-income and underserved communities. These fees can be the best option in a bad situation, saving money and protecting individuals’ credit scores. Overdraft also protects people from much higher costs imposed by their local governments.”

Want to learn more about how this impacts your credit union and how to remain compliant? Doeren Mayhew’s regulatory compliance pros are here to help show you the way.