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About
About
Created by the U.S. Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions.
Regulation & Supervision
Regulation & Supervision
The NCUA protects the safety and soundness of the credit union system by identifying, monitoring and reducing risks to the National Credit Union Share Insurance Fund. Backed by the full faith and credit of the United States, the Share Insurance Fund provides up to $250,000 of federal share insurance to millions of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
Analysis
Analysis
The NCUA’s economists and analysts compile data on the credit union system’s financial performance, merger activity, changes in credit union chartering and fields of membership, as well as broader economic trends affecting credit unions. Users can find information on a single credit union or analyze broader nation-wide trends.
Support Services
Support Services
The NCUA provides a number of support services to the credit union system, such as providing training, grants and loans, chartering, and field-of-membership services; maintaining the health and stability of Share Insurance Fund; managing the assets of failed credit unions; and providing emergency liquidity.
Consumers
Consumers
The NCUA works to protect credit union members and consumers, raise awareness of potential frauds, facilitate access to affordable financial services, and educate consumers on the importance of savings and how they can improve their financial well-being.
News
News
Stay up to date on the NCUA's activities by subscribing to the NCUA's Express messages. Read press releases, speeches, testimony, and Annual Reports. Register for upcoming conferences and events.
Cybersecurity Resources
Cybersecurity Resources
Cyberattacks and cybersecurity vulnerabilities pose significant risks to the financial system. Because of vulnerabilities within the credit union industry and the broader financial system to potential cyberattacks, cybersecurity is one of the NCUA’s top supervisory priorities and a top-tier risk under the agency’s enterprise risk-management program.

Kelly Lay

Kelly Lay

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Director, Office of Examination and Insurance

Kelly Lay is the NCUA’s Director of the Office of Examination and Insurance. In this role, Ms. Lay oversees the NCUA’s examination and supervision program, which ensures the safety and soundness of the credit unions system and manages risk to the National Credit Union Share Insurance Fund.

Before becoming the Director of the Office of Examination and Insurance, Ms. Lay served as the Director of the Office of Business Innovation and the NCUA’s Chief Data Officer. She was also instrumental in guiding the development of the NCUA’s new examination system, the Modern Examination & Risk Identification Tool or MERIT.

Ms. Lay previously served as the Associate Regional Director of Programs in the former-Region II office from 2010–2016. She has also worked in the former-Region V office as the Director of Supervision from 2006–2009 and as the Director of Insurance when the office first opened in 2004. Additionally, she held various positions in the former-Chicago region, including examiner, Supervision Analyst, and Director of Supervision.

Ms. Lay began her career with NCUA in 1996 after graduating from Illinois State University with a Bachelor of Science degree in Finance. She earned her Certified Public Accountant certificate in Illinois in 2002.