Lets federal credit unions offer longer loans and more types of property loans.
This bill would let federal credit unions offer loans with longer repayment times, up to 20 years instead of 15. It also removes a rule that limits some loans to only a member's main home. This means credit union members could get more flexible loan options.
Today, federal credit unions can only offer loans with a maximum repayment period of 15 years, and some loans must be for a member's main home. If this bill becomes law, the National Credit Union Administration Board could allow credit unions to offer loans up to 20 years and for a wider range of properties, not just a member's main home.
S 3616 · 119th Congress · January 13, 2026 · AI Summary by gemini-2.5-flash · 9/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.