An official website of the United States government

News Español Contact Us

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

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 Vice Chairman Kyle S. Hauptman Statement on Final Rule – Member Expulsion

July 2023

NCUA Vice Chairman Kyle S. Hauptman Statement on Final Rule – Member Expulsion

Kyle S. Hauptman

NCUA Vice Chairman Kyle S. Hauptman speaks at a meeting of the NCUA Board.

As Prepared for Delivery on July 20, 2023

Thank you, Rachel for your presentation.

This final rule touches on the core of what makes credit unions unique. As financial cooperatives, credit unions do not have customers; they have member-owners. This is not about dealing with a disruptive customer. This is about expelling an owner of the cooperative. This rule considers the significance of member-owners, but it also gives credit unions the same flexibility as any other business to address threats to the safety of staff and the public.

This concludes my remarks. Thank you, Mr. Chairman.

Latest News

NCUA Board Member Tanya Otsuka Remarks at Treasury’s Roundtable for Providing Financial Access to Justice-Impacted Individuals

Good afternoon and thank you to Deputy Secretary Adeyemo and everyone at Treasury for convening…

3 min read

NCUA Board Member Tanya Otsuka Statement on the Advance Notice of Proposed Rulemaking on Part 749, Records Preservation Program

Thank you, Kelly and Matt, for your presentation and all the staff’s work on this ANPR. Sound…

2 min read

NCUA Vice Chairman Kyle S. Hauptman Statement on the Advance Notice of Proposed Rulemaking (ANPR), Part 749, Records Preservation Program

Thank you, Kelly and Matt for your presentation, and Gira for being available for questions. Thanks…

4 min read

NCUA Board Approves Advance Notice of Proposed Rulemaking on Records Retention

The National Credit Union Administration Board held its third open meeting of 2024 and unanimously…

1 min read

Kyle S. Hauptman Field of Membership

Last modified on

07/20/23