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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.

Goals for Shares, Loans, and Number of Members

Goals for Shares, Loans, and Number of Members

This section outlines projections for the dollar amount and number of loans and shares and the number of members for the first two years of operation. The intent of this section is to provide benchmarks upon which the credit union and the NCUA can measure the success of the group and its business plan. The goals should be broken down by each loan and share product type and expressed in annual periods. The goals should agree with the financial projections. Include a discussion of the basis for each goal and identify the section of the membership survey supporting the goal.

Table 1 is a partial illustration of information you would include in this section and incorporate into the PFCU’s pro forma financial statements projections.

Table 1: Example of Goals by Year

Growth Assumptions	1st Year 20XX	2nd Year 20XX	3rd Year 20XX
Membership	625	1,250	1,875
Number of Vehicle Loans	125	250	375
$ of Vehicle Loans	$626,375	$1,631,250	$3,015,000
Number of Checking Accounts	531	1,062	1,593
$ of Checking Accounts	$223,125	$446,250	$669,375
Number of 24-Month Share Certificates	93	187	281
$ of 24-Month Share Certificates	$56,250	$112,500	$168,750

This sample shows how you might document your assumptions in the pro forma financial statement projection assumptions for members, vehicle loans, checking accounts, and 24-month share certificate accounts.

Last modified on

04/14/22