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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.

Plans for Operating Independently

Plans for Operating Independently

You need to explain and support how the PFCU will continue operations after Year 2 while remaining solvent (showing positive net worth).¹ Include assumptions in this section and provide support in the form of annual pro forma financial projections (including balance sheet and income statement projections) demonstrating when the PFCU will generate positive net income absent grants or donations from outside sources. Submit pro forma financial projections that extend through the year positive net income is achieved.

¹ Net worth is computed as all the credit union’s retained earnings, including undivided earnings, regular reserves, uninsured secondary capital (available for LID credit unions only), net income, and other reserves (excluding the allowance for loan and lease losses, and accumulated gains/losses on available for sale securities).

Last modified on

04/14/22