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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.

NCUA Issues Charter

NCUA Issues Charter

Upon successful completion of the NCUA’s onsite review and signing of the LUA, the agency will issue a Charter and Certificate of Insurance to establish the new federal credit union. The NCUA will forward these documents and informational pamphlets, forms, and instructional manuals to the credit union office.

The new federal credit union will be assigned to one of the NCUA’s regional offices. A Supervisory Examiner and District Examiner will be assigned by the regional office to supervise the new federal credit union. The District Examiner serves as the new federal credit union’s point of contact with the NCUA.

Note: According to Article X of the Federal Credit Union Bylaws, “the Agency may revoke the charter for failure to start operations within 60 days after receipt of the approved organization certificate unless the Agency approves an extension of time.” Any delays in the new federal credit union commencing operations should be communicated by the new federal credit union to its assigned NCUA regional office in writing, with an extension request.

Last modified on

04/14/22