National Credit Union Administration(NCUA)


independent agency in the executive branch responsible for chartering, insuring, supervising, and examining federal credit unions. The NCUA grants federal credit union charters to groups sharing a common bond of occupation or association, or to groups within a well-defined neighborhood, community, or rural district. It issues policies and regulations, conducts annual examinations, and maintains a warning system designed to identify problems. The National Credit Union Share Insurance Fund insures deposits up to $250,000 in federally insured credit unions.

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Cite this Entry

“National Credit Union Administration.” Legal Dictionary, Merriam-Webster, Accessed 6 Dec. 2023.

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