The National Credit Union Administration (NCUA) proposes changes to credit union rules to make it easier for federal credit unions to expand and serve more groups and underserved areas. They want to count shared branches, ATMs, and electronic facilities in certain networks as "service facilities," even if the credit union doesn't own them. This would help credit unions offer more services without needing to buy into a shared network. The NCUA is also considering whether online banking should count as a service facility to accommodate modern trends in financial services.
Simple Explanation
The NCUA wants to let credit unions use shared spaces like banks and online tools, even if they don't own them, so they can help more people. They're still thinking about how this might make it easier or harder for big and small credit unions to work.