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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.
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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.

Electronic Income Tax Filing

92-0829 / August 1992

Subject

CUSOs

Historic Status

Non-historic

August 19, 1992

Chris A. Barker, Esq.
Trimmier, Atchison and Hayley, P.C.
P.O. Box 3085
Tallahassee, FL 32315

Re: Electronic Income Tax Filing (Your August 5, 1992, Letter)

Dear Mr. Barker:

You have asked if a credit union service organization (CUSO) must abide by the cost reimbursement restrictions that a federal credit union (FCU) is subject to when engaging in electronic income tax filing services. The cost reimbursement restrictions are found in Part 721 of the NCUA Rules and Regulations (12 CFR Part 721). Part 721 is applicable to FCUs only; it does not apply to CUSOs. An FCU that has made a loan to or investment in a CUSO must comply with the provisions of Section 701.27 of the Rules and Regulations. Section 701.27 does not include a cost reimbursement restriction.

Sincerely,

Hattie M. Ulan
Associate General Counsel

GC/HMU:bhs
SSIC 3600
92-0829

Last modified on

11/14/24

Electronic Income Tax Filing

Footnotes