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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.

Sample Commitment Letter

Generous Donor Company
123 Sunset Drive
Anywhere, USA 00000
DATE

Organizer’s Name
Proposed New Federal Credit Union
456 Your Street
Somewhere, USA 00000

Dear Ms. Johnson:

We are pleased to inform you that Donor Company agrees to donate $100,000 to the proposed New Federal Credit Union. This is a binding commitment to provide funds for the federally chartered credit union. We understand and agree the donation is made without expectation of repayment by the proposed New Federal Credit Union. We will fund it no later than ten days after the National Credit Union Administration’s approval of the charter for the proposed New Federal Credit Union. Enclosed is a copy of our most recent financial statements supporting our ability to meet this commitment.

We are prepared to deposit the donated funds in escrow and/or provide updated financial statements documenting our ability to fund the donation, if the National Credit Union Administration requests that during the charter application process. If you have any questions, please let me know.

Sincerely,

Name
Chief Executive Officer
Donor Company

Enclosure

Last modified on

04/14/22