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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.

Press Releases and Statements

Members of the media can access press statements and other information related to the collapse of the New York City taxi medallion market and the NCUA’s response.

For more information, please contact the NCUA’s Office of External Affairs and Communications at 703.518.6330 or by email at oeacmail@ncua.gov.

Press Release

NCUA Completes Taxi Medallion Loan Sale

The NCUA took this action after thorough research and careful consideration, determining the sale as the most appropriate action to ensure the agency meets its statutory obligation under the Federal Credit Union Act to achieve the least, long-term cost to the National Credit Union Share Insurance Fund.

Frequently Asked Questions

Frequently Asked Questions on the NCUA’s Sale of Its Taxi Medallion Portfolio

Frequently Asked Questions about Taxi Medallion Lending and the NCUA’s Supervision and Response to the Medallion Market Collapse

Other Press Releases

August 30, 2019

NCUA Issues Prohibition Notices and Order

November 16, 2018

Six Credit Union Failures Through Sept. 30

October 1, 2018

LOMTO Federal Credit Union Closes; Teachers Federal Credit Union Assumes Members, Most Shares, and Some Loans

August 31, 2018

Melrose Credit Union Closes; Teachers Federal Credit Union Assumes Members, Shares, and Some Loans and Other Assets

August 7, 2018

NCUA Files Notice of Charges Against Former Melrose CEO

February 28, 2018

First Jersey Credit Union Closes; USALLIANCE Assumes Shares and Loans

June 26, 2017

LOMTO Federal Credit Union Conserved

February 10, 2017

Melrose Credit Union Conserved

March 31, 2016

Montauk Credit Union Merges into Bethpage Federal Credit Union

February 3, 2016

Montauk Credit Union Addressing Challenges

September 18, 2015

Montauk Credit Union Conserved

Last modified on

01/25/21