DEFINITION of 'National Credit Union Administration - NCUA'

An agency of the United States federal government that was created to monitor federal credit unions across the country. One of its major responsibilities is running the National Credit Union Share Insurance Fund (NCUSIF), which uses tax dollars to insure the deposits at all federal credit unions.

BREAKING DOWN 'National Credit Union Administration - NCUA'

The NCUA officially became a federal agency in 1970 and is headquartered in Alexandria, Virginia. The agency is headed by a three-member board which is appointed directly by the president of the United States. The agency currently monitors over 9,500 federally insured credit unions that service over 80 million customer accounts.

  1. Federal Credit Union (FCU)

    A federal credit union is a credit union regulated and supervised ...
  2. NCUA-Insured Institution

    A finance institution that is a participant of the National Credit ...
  3. Credit Union

    A credit union is a member-owned financial co-operative. These ...
  4. Credit Rating

    A credit rating is an assessment of the creditworthiness of a ...
  5. Credit Union National Association ...

    This is the premier national trade association representing credit ...
  6. Credit Reporting Agency

    A credit reporting agency is a business that maintains historical ...
Related Articles
  1. Personal Finance

    6 Benefits of Using a Credit Union

    Credit unions are community-focused and offer better interest rates than traditional banks.
  2. Personal Finance

    Build Your Credit Score

    Here are four good ways to build your credit score when you're starting from scratch. Do it right and you'll end up with excellent credit.
  3. Personal Finance

    6 Ways To Build Credit Without A Credit Card

    It's definitely possible – if a bit more complicated – to build a credit history without traditional credit cards. Just follow these steps.
  4. Personal Finance

    Analyzing a Career in Credit Analysis

    If you're a number-cruncher and responsibility doesn't scare you, this could be the job for you.
  5. Investing

    Introduction To The Chinese Banking System

    As China steps into a greater role in the global economic system, their banking system continues to evolve.
  6. Personal Finance

    Do Unions Benefit Non-Union Workers?

    Union membership is shrinking, but unions still affect non-union workers today.
  7. Personal Finance

    Handling High-Yield Savings Accounts

    Is this the savings route for you? Read on to find out what these accounts have to offer.
  8. Personal Finance

    There's Help Coming For Your Credit Report

    Soon, there will be another body protecting consumers when it comes to credit scores. Here are some new things to know about getting a credit report in the future.
  9. Taxes

    Give Your Taxes Some Credit

    A few tax credits can greatly increase the amount of money you get back on your return.
  10. Personal Finance

    Why and How to Use Credit Cards Effectively

    When used responsibly, credit cards play a big role in establishing a good credit score that can help you obtain loans, mortgages and insurance.
  1. What's the difference between a credit rating agency and a credit bureau?

    Learn how to differentiate between credit rating agencies and credit bureaus, two industries that distribute valuable risk ... Read Answer >>
  2. What are some of the major regulatory agencies responsible for overseeing financial ...

    Discover the specific responsibilities of some of the major regulatory agencies that oversee financial institutions in the ... Read Answer >>
Trading Center