For the duration of martial law, the NBU has adjusted regulation of the operation of credit unions. The regulator allowed credit unions not to pay out:
- deposits under the term deposit agreements and interest accrued thereon until their due date.
- additional share contributions to credit union members if they request their payout.
In addition, credit unions have to limit the hryvnia cash withdrawals to UAH 100,000 per day per credit union member.
At the same time, credit unions are authorized to set the cap on the hryvnia cash withdrawals per day per credit union member if they adhere to UAH 100,000 limit.
The relevant changes in the operation of credit unions are approved by NBU Board Resolution No. 24 On Regulating Financial Institutions dated 26 February 2022.
The Resolution came into effecton 26 February 2022 and will stay valid along with Presidential Decree No. 64/2022 On Introducing Martial Law in Ukraine dated 24 February 2022.