S.3616

Expanding Access to Lending Options Act

Introduced·1/13/26

Expanding Access to Lending Options Act allows Federal credit unions to offer loans with maturities up to 20 years.

Expanding Access to Lending Options Act amends the Federal Credit Union Act to allow the National Credit Union Administration Board to set loan maturities for Federal credit unions up to 20 years. Previously, the maximum loan term was 15 years. This change aims to provide more flexible lending options for credit union members.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Banking, Housing, And Urban Affairs Committee
Next
Committee decision

Sponsors

1
3
Democratic CaucusRepublican Caucus

History

Jan 13

Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.