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The National Credit Union Administration, commonly referred to as NCUA, is an independent agency of the United States government that regulates, charters and supervises federal credit unions.
NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S. government, the NCUSIF insures the accounts of millions of account holders in all federal credit unions and the vast majority of state-chartered credit unions.
The majority of the fund is invested in United States treasury securities, with a portion of the earnings being used to fund NCUAs operations. NCUA gets about $200 million of its current budget from the Share Insurance Fund, with the remainder coming from operating fees charged to regulated credit unions.
The Federal Credit Union Act authorizes the NCUA Board to oversee Americas credit union system and administer and manage the National Credit Union Share Insurance Fund. The NCUA also has statutory responsibility for supervising compliance with and enforcing laws and regulations that protect all credit union members.
A three-member Board of Directors oversees the NCUAs operations by setting policy, approving budgets and adopting rules and regulations.
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If your bank or lender is a credit union, find out if it is federally chartered or state chartered. To do so, find it in the National Credit Union Administrations Find Credit Unions web page and check the Charter State field. If that field says N/A, the credit union is federally chartered.
The National Credit Union Administration (NCUA) is an independent agency created by the U.S. government to regulate and protect credit unions and their owners. Just like the FDIC, the NCUA insures up to $250,000 to all credit union members and provides protection in the event of a credit union failure.

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