National Credit Union Administration(NCUA)

Agency

Legal Definition of National Credit Union Administration

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.

Learn More about National Credit Union Administration

Cite this Entry

“National Credit Union Administration.” The Merriam-Webster.com Legal Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/legal/National%20Credit%20Union%20Administration. Accessed 15 December 2019.

Comments on National Credit Union Administration

What made you want to look up National Credit Union Administration? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

delight or enjoyment

Get Word of the Day daily email!

Test Your Vocabulary

Great Scrabble Words—A Quiz

  • scrabble tiles that read scrabble quiz
  • Which of the following Q-without-U words means the number five in cards or dice?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Syn City

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!