The maximum loan interest rate for federal credit unions will remain 18 percent through Sept. 10, 2018, per a recent vote by the National Credit Union Administration (NCUA) board.
The NCUA board has discretion under the FCUA to raise the cap for 18-month periods if it determines that interest rate levels could threaten the safety and soundness of credit unions.
Read on to learn more about what information the board considered before taking a vote.