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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.

NCUA Board Member Rodney E. Hood Statement on the NCUA Risk Appetite Statement

October 2022

NCUA Board Member Rodney E. Hood Statement on the NCUA Risk Appetite Statement

Rodney E. Hood

NCUA Board Member Rodney Hood listens to presentations by staff during the October 2022 NCUA Board Meeting at the NCUA’s headquarters in Alexandria, Virginia.

As Prepared for Delivery on October 20, 2022

You cannot avoid risk, so I am glad to see the NCUA Board considering the risk appetite statement before us today. Today’s board item probably could have been done by notation vote, but I am glad the Chairman elected to do this in a public forum because it is a good opportunity to discuss holistic risk management for credit unions as well. Enterprise Risk Management is something that I have cared about since my previous time on the Board when I did Enterprise Risk Management Summits for the credit union industry over a decade ago. And ERM is still relevant today.

I have no questions or further comments, and I look forward to supporting today’s rule.

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Rodney E. Hood

Last modified on

10/20/22