H.R. 10082House119th Congress (2025-2027)In Committee

Credit Union Investment Authority Act

To amend the Federal Credit Union Act to expand the investment authority of Federal credit unions.

AI-Generated Summary

Updated August 14, 2026 at 8:22 AM UTC

The Credit Union Investment Authority Act would change the Federal Credit Union Act to let federally‑chartered credit unions invest in a broader range of securities. It permits them to buy corporate debt and asset‑backed securities, subject to new limits and regulatory requirements, aiming to give credit unions more investment options while protecting their capital.

Key Provisions

Allows credit unions to invest in marketable obligations, bonds, notes, or other debt instruments of any agency, association, or company, provided the investment does not exceed 10% of the credit union’s paid‑in unimpaired capital and surplus for any single issuer.
Adds a new category allowing credit unions to purchase asset‑backed securities, defined by the Securities Exchange Act of 1934.
Requires the National Credit Union Administration (NCUA) to issue regulations within one year covering the minimum issue size, minimum aggregate sale price, and required investment‑grade rating for any asset‑backed securities purchased by credit unions.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

August 13, 2026

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HouseIntro Referral

Introduced in House

August 13, 2026

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

August 13, 2026

Bill Text

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Introduced in HouseIssued August 13, 2026

119th CONGRESS

2d Session

H. R. 10082

IN THE HOUSE OF REPRESENTATIVES

August 13, 2026

Ms. Bynum (for herself and Mrs. Kim) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Federal Credit Union Act to expand the investment authority of Federal credit unions.

Short title

This Act may be cited as the Credit Union Investment Authority Act.

Authority to invest in corporate debt

Section 107(7) of the Federal Credit Union Act (12 U.S.C. 1757) is amended by striking general obligations of the issuer) and inserting general obligations of the issuer); (L) in the marketable obligations, bonds, notes, or other instruments of indebtedness of any agency, association, or company whose membership or ownership is not restricted to Federal credit unions and the members of credit unions or organizations of credit unions and that is not designed primarily to serve or otherwise assist credit union operations, except that no credit union may invest more than 10 per centum of its paid-in unimpaired capital and surplus in the obligations of any one issuer.

Authority to invest in asset-backed securities

(a)

In general

Section 107 of the Federal Credit Union Act (12 U.S.C. 1757) is amended in paragraph (15)—

(1)

in subparagraph (B), by striking or at the end;

(2)

by redesignating subparagraph (C) as subparagraph (D); and

(3)

by inserting after subparagraph (B) the following subparagraph:

(C)

asset-backed securities (as such term is defined in section 3(a) of the Securities Exchange Act of 1934); or

(b)

Rulemaking

The National Credit Union Administration Board shall, not later than 1 year after the date of the enactment of this section issue regulations to carry out the amendments made by this section and such regulations shall include, with respect to the purchase of asset-backed securities by Federal Credit Unions, requirements relating to—

(1)

the minimum size of the issue of the asset-backed securities at the time of initial distribution;

(2)

minimum aggregate sale price of the asset-backed securities; and

(3)

the investment grade of the asset-backed securities.