Lets federal credit unions offer longer loans and more types of real estate loans
This bill would let federal credit unions offer loans with longer repayment periods, up to 20 years instead of 15. It would also allow them to make real estate loans for properties that are not a member's main home. This means credit union members could get more flexible loan options.
Today, federal credit unions generally cannot offer loans that last longer than 15 years, and their real estate loans must be for a member's main home. If this bill becomes law, federal credit unions would be able to offer loans for up to 20 years. They could offer even longer loans if the National Credit Union Administration Board allows it. They would also be able to make real estate loans for properties other than a member's main home.
HR 4167 · 119th Congress · June 26, 2025 · AI Summary by gemini-2.5-flash · 10/10
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8 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.