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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.

Provide Evidence of Sponsor Commitment if Critical to Success

Provide Evidence of Sponsor Commitment if Critical to Success

This section applies to each of the three types of FOM. A sponsor is any person or entity that is providing resources or support to the credit union. If a sponsor is going to provide resources and/or support to the credit union that are not cash or in-kind capital donations discussed in the previous paragraph, and that sponsorship is critical to the credit union’s success, documentation must be provided detailing the type and amount of support (for example, access to potential members at work or in the community, support of credit union marketing in entity newsletters or mailers) and the length of time the support will be provided.

Provide copies of commitment letters to the NCUA if they were not uploaded with the POC submission in Phase 1.

Last modified on

04/14/22