An official website of the United States government

News Español Contact Us

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

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.

Federal Reserve Issues Correction to Final Rule on Availability of Funds and Collection of Checks

19-14 / September 2019

Federal Reserve Issues Correction to Final Rule on Availability of Funds and Collection of Checks

Subject

Payments

Status

Active

On August 29, 2019, the Board of Governors of the Federal Reserve System issued a rule correcting dollar amount adjustments in the Board’s final rule published July 3, 2019, in the Federal Register. The July final rule amended Regulation CC, which implements the Expedited Funds Availability Act to adjust the dollar amounts under the EFA Act for inflation, incorporate provisions of the Economic Growth, Regulatory Relief, and Consumer Protection Act, and make other technical amendments.

The revised rule correcting the earlier rule is available in the Federal Register.

Additional Information

Credit unions can find more information about the July 3, 2019, final rule in Consumer Financial Protection Update, 19-12, on our website at https://www.ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/cfpb-and-frb-issue-amendments-regulation-cc.

Please contact the NCUA’s Office of Consumer Financial Protection with any questions at 703.518.1140 or by email at ComplianceMail@ncua.gov. Credit unions can also contact their NCUA regional office or their state supervisory authority.

Last modified on

11/05/20