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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.
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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.
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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.
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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.

General Electric Evendale Employees Federal Credit Union

96-0639 / June 1996

Subject

CUSOs

Historic Status

Non-historic

June 28, 1996

Paul D. Rattermann
Kepley, MacConnell & Eyrich
525 Vine Street
Suite 2200
Cincinnati, OH 45202

Re: General Electric Evendale Employees Federal Credit Union(Your Letter of June 14, 1996)

Dear Mr. Rattermann:

You requested NCUA Office of General Counsel review of an opinion letter by your firm relating to several issues concerning credit union service organizations raised by an NCUA examiner of the above-referenced credit union. We have reviewed the firm's opinion letter and are in agreement with it. If you have any questions, please contact Sparky Conrey, Staff Attorney, at (703) 518-6558.

Sincerely,

Richard S. Schulman
Associate General Counsel

GC/MSC:sg
SSIC 4660
96-0639

Last modified on

11/14/24

General Electric Evendale Employees Federal Credit Union

Footnotes