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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.

Misleading Advertising

96-0735 / July 1996

Misleading Advertising

Subject

Advertisements

Historic Status

Non-historic

July 23, 1996

Lawrence Barnaby, President
Hayward Community Credit Union
P.O. Box 432
Hayward, Wisconsin 54843

Re: Misleading Advertising (Your July, 18, 1996, Fax)

Dear Mr. Barnaby:

We are responding to your complaint that a document sent to your credit union by Credit Union Information Service (CUIS) mimics official NCUA documents. The document is entitled "Regulatory Alert" and is dated July, 1996. NCUA does not publish a document entitled "Regulatory Alert" nor does it endorse this publication. You may wish to send your complaint to CUIS, the publisher of the "Regulatory Alert." We previously raised our concerns with them and they did make changes to their advertisements. We did take note of the similarity between the envelope covers used in CUIS and NCUA mailings. A side-by-side comparison is enclosed.

Sincerely,

Richard S. Schulman
Associate General Counsel

GC/RSS:bhs
SSIC 3000
96-0735
Enclosure

Last modified on

11/14/24