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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.

Corporate Credit Union Responsibilities

Corporate credit unions must monitor their CUSOs to ensure they are engaging only in approved activities and continuing to comply with all associated restrictions and requirements. In addition, corporate CUSOs are cautioned that, when engaging in approved CUSO activities, they must comply with all applicable laws and regulations, even if not specifically discussed in the matrix. For example, any CUSO that is both a corporate CUSO and a CUSO of a natural person federal credit union must comply with both Part 712 and Part 704 of the NCUA’s regulations. Additionally, the corporate CUSO rule requires:

A corporate CUSO must primarily serve credit unions and restrict its services to those related to the normal course of business of credit unions.
Prior to making an investment in or loan to a corporate CUSO, a corporate credit union must obtain a written agreement that the CUSO will comply with all the requirements of §704.11 and will allow the auditor, board of directors, and the NCUA complete access to its personnel, facilities, equipment, and records.

Where a corporate CUSO engages in activities not approved by the NCUA, or the CUSO fails to comply with restrictions and reporting requirements associated with the NCUA’s approval, each corporate credit union with an investment in that CUSO must divest from the CUSO, in accordance with the requirements of §704.11.

Last modified on

09/18/20