NCUA made changes to their advertising rules that become effective on May 25, 2018, providing regulatory relief to federally insured credit unions by allowing an additional option for the official advertising statement. Credit unions advertising their accounts, now have the option of using “Insured by NCUA.”

In addition to that new alternative, there was also an amendment to the exemption on the use of the official statement for radio and television advertisements, which is now not necessary for those advertisements less than 30 seconds as opposed to the previous 15 seconds.

Lastly, there is no longer a requirement to have the NCUA logo or official statement on the first page of your annual report, or statements of condition required to be published by law.