An official website of the United States government

News Español Contact Us

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.

Net Worth Restoration Plan and Prompt Corrective Action Resources

Federally insured credit unions with a capital classification of undercapitalized or less are subject to This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Section 702.107(a)(2) of the NCUA Rules and Regulations (Opens new window) and are required to have an NCUA-approved net worth restoration plan in place.¹

This page contains materials explaining Section 702.107 and how credit unions should develop their net worth restoration plans, including:

Frequently asked questions about the prompt corrective action process; and
Useful tips for developing net worth restoration plans.

Credit unions with questions regarding Section 702.107 and net worth restoration plans should contact their regional office or the Office of Credit Union Resources and Expansion.

Region/Office	Telephone	Email
Region/Office Eastern	Telephone 703.519.4600	Email easternmail@ncua.gov
Region/Office Southern	Telephone 512.342.5600	Email southernmail@ncua.gov
Region/Office Western	Telephone 602.302.6000	Email westernmail@ncua.gov
Region/Office CURE	Telephone 703.518.1150	Email curemail@ncua.gov

¹ Part 702 of the NCUA Rules and Regulations are specific to the Capital Adequacy requirements for natural person federally insured credit unions. Regulatory requirements under Part 702 do not include corporate credit unions. Corporate credit union regulatory requirements are under Part 704 of the NCUA Rules and Regulations.

Last modified on

01/23/25