Comment from Utah Credit Union Association
Utah Credit Union AssociationSupportTrade association
Summary: The Utah Credit Union Association strongly supports the NCUA's interim final rule clarifying that federal credit unions have the authority to charge non-interest fees and that such activities are preempted from state regulation. They argue that these fees are essential for funding fraud prevention and infrastructure, while also noting concerns regarding potential competitive disadvantages for state-chartered credit unions.
Attached please find the Utah Credit Union Association's comment letter re: the proposed Preemption-Federal Credit Union Non-Interest Charges and Fees [Docket No. NCUA- 2026-1189].
We appreciate the opportunity to comment on this matter and for considering our views.