All > Business > Finance > Personal Finance
The Federal regulatory agency that charters and supervises Federal credit unions. NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federally insured credit unions (both Federal credit unions and state-chartered credit unions.)
The National Credit Union Administration (NCUA) is an independent federal agency that authorizes the establishment and oversees the administration of most federal- and state-chartered credit unions in the United States.
The National Credit Union Share Insurance Fund arm of the agency insures credit union deposits, just as the Federal Deposit Insurance Corporation (FDIC) does bank deposits.
NCUA is funded by member credit unions and is backed by the full faith and credit of the federal government.
- Browse Related Terms: Charter Number, European Central Bank (ECB), Federal Credit Union, Federal Credit Union Act, Insured Shares, National Credit Union Administration (NCUA), Over Limit, State Banking Department (also State Supervisory Authority), State Chartered Credit Union
Also listed in: