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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.

Continuity Plan for Director, Committee Members, and Management Staff

Continuity Plan for Director, Committee Members, and Management Staff

Discuss the number of directors and members for each committee, including a supervisory committee and a credit committee, if being used. Detail the terms of each official and the training to be provided prior to and after opening the PFCU. Also, discuss how you plan to find and train future credit union officials and your succession plan for replacing the CEO or manager. Some potential training topics for officials are:

Board governance;
The board’s duties, powers, and responsibilities;
Financial statements and key financial trends and conditions;
The risks of operating a credit union and how to identify and control these risks;
Economic trends and their effect on the credit union;
Effective business planning with goals and measurable outcomes;
How to conduct effective meetings;
CEO or manager evaluations;
Communicating with other officials and staff effectively; and
Working and communicating with your regulator and insurer.

Incorporate the associated training costs into the pro forma financial statements.

If a written management arrangement or agreement will be used, discuss how management and staff will continue after the term of the arrangement or agreement ends.

Last modified on

04/14/22