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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.

Eugene Schied

Eugene Schied

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Chief Financial Officer

Eugene H. Schied is the NCUA’s Chief Financial Officer. In this role, he oversees the daily financial operations of the National Credit Union Share Insurance Fund and the NCUA Operating Fund. He leads a team of over 50 dedicated staff who perform essential functions, including accounting and financial reporting, enterprise risk management, strategic and performance planning, budgeting, procurement, facilities and logistical support, the administration of credit union operating fees, and Share Insurance Fund capitalization deposits and operations.

He previously served as the agency’s Acting Chief Financial Officer and Deputy Chief Financial Officer. He joined the NCUA in March 2017.

Mr. Schied has been a senior executive in the federal government for more than 20 years. His prior executive positions include Assistant Commissioner for Administration at the U.S. Customs and Border Protection; Budget Director and Deputy Chief Financial Officer at the Department of Homeland Security; Deputy Assistant Attorney General/Controller at the Department of Justice; and Chief Financial Officer at the Drug Enforcement Administration.

He received the Presidential Rank Medal for Meritorious Service in 2006. His career in federal service began in 1992 at the Department of Justice as a Presidential Management Intern.

Mr. Schied holds a Master of Public Administration degree from Ohio State University and a Bachelor of Arts degree in political science from the University of Iowa.