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.
Credit Union Resources
The NCUA provides support to low-income-designated credit unions; minority credit unions; credit unions seeking changes in their charters, bylaws, or fields of membership; and groups organizing to start new credit unions. The agency also provides eligible credit unions with low-interest loans and grants.
Troubled Credit Unions
When a credit union fails, the NCUA works to minimize the impact of the failure on the entire credit union system. Access the list of conserved and liquidated credit unions.
Share Insurance Fund
Congress created the National Credit Union Share Insurance Fund in 1970 to insure member deposits in federally insured credit unions. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000.
Corporate System Resolution
The Corporate System Resolution Program was created to manage the losses associated with the failures of five corporate credit unions in 2010, and it has allowed the credit union system to absorb these losses over time.
NCUA Guaranteed Notes
Under the Corporate System Resolution Plan, the NCUA created the NCUA Guaranteed Note (NGN) Program to provide long-term funding for distressed investment securities from the five failed corporate credit unions. Financial data on the NGNs and their underlying assets is provided quarterly.