National Credit Union Administration - Color Changing Coffee Mug

The National Credit Union Administration (NCUA) is an independent federal agency that serves as the primary regulatory body for credit unions in the United States. Established in 1970, it was created to ensure the safety and soundness of federally insured credit unions, promote fair access to affordable financial services, and maintain stability within the overall credit union system. The NCUA's duties include chartering and supervising federal credit unions, administering the National Credit Union Share Insurance Fund (NCUSIF) which provides deposit insurance for member-owners of federally insured credit unions, enforcing regulations set forth by the Federal Credit Union Act, and assisting in the merger or liquidation of failing credit unions. In addition to its regulatory responsibilities, the NCUA provides technical assistance to credit unions, encourages best practices, advocates for credit union interests at federal and state levels, and facilitates research on industry trends and issues. The agency's mission is to safeguard savings, champion affordability, foster financial literacy, and enhance access to credit unions for relevant communities.