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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.

Comment Period Open on Fair Hiring in Banking Proposed Rule

Date:

Jan 8, 2024

Time: 11:59 PM

The NCUA invites public comment on a Fair Hiring in Banking proposed rule. For more information or to submit a comment, please visit Regulations.gov.

The NCUA Board, at its Oct. 19 meeting, unanimously approved the proposed rule that would incorporate the NCUA’s Second Chance Interpretive Ruling and Policy Statement (IRPS 19-1) and statutory prohibitions imposed by Section 205(d) of the Federal Credit Union Act into the agency’s regulations. This proposed rule would allow people convicted of certain minor offenses to work in the credit union industry without applying for the Board’s approval.

The proposed rule would address, among other topics, the individuals and types of offenses covered by Section 205(d) and the NCUA’s procedures for reviewing a consent application. Additionally, the proposed rule would amend the following:

NCUA’s policies and procedures governing an application to rescind a prohibition pursuant to Section 205(d), as currently reflected in the Second Chance policy statement and consistent with both amendments made by the recent Fair Hiring in Banking Act and with comparable Federal Deposit Insurance Corporation regulations.
Regulation governing the conditions under which newly chartered or troubled federally insured credit unions must notify the NCUA of any proposed changes to the credit union’s board of directors, committee members, or senior executive staff and make other conforming changes.

The proposal was published in the Federal Register on Nov. 7, 2023, and has a 60-day comment period, ending Jan. 8, 2024.

Last modified on

11/09/23