NCUA

The National Credit Union Administration (NCUA) is an independent federal agency that charters and supervises federal credit unions. It also insures the deposits of members of federally insured credit unions up to $250,000.

NCUA

The National Credit Union Administration (NCUA) is an independent federal agency that charters and supervises federal credit unions. It also insures savings in federal and most state-chartered credit unions across the United States through the National Credit Union Share Insurance Fund (NCUSIF). The NCUA is the primary regulator of the credit union industry, and its mission is to ensure that credit unions are safe and sound, well-managed, and able to provide members with a safe place to save and access affordable financial services.

The NCUA was created in 1970 as part of the Federal Credit Union Act. It is governed by a three-member Board of Directors, appointed by the President and confirmed by the Senate. The Board is responsible for setting policy and regulations, and for overseeing the operations of the agency. The NCUA is funded by credit unions, not taxpayers, and is independent of the federal government.

The NCUA is responsible for chartering and supervising federal credit unions, and for insuring deposits in federal and most state-chartered credit unions. It also provides guidance and assistance to credit unions, and works to ensure that credit unions are operated in a safe and sound manner. The NCUA also provides consumer protection and education services, and works to ensure that credit unions are accessible to all members of the community.

The NCUA is committed to promoting financial literacy and consumer protection, and works to ensure that credit unions are operated in a safe and sound manner. It also works to ensure that credit unions are accessible to all members of the community, and provides consumer protection and education services. The NCUA is an important part of the financial services industry, and its mission is to ensure that credit unions are safe and sound, well-managed, and able to provide members with a safe place to save and access affordable financial services.