The National Credit Union Administration (NCUA) is the independent federal agency created by the U.S. Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 92 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. As of March 2012, there were 7,019 federally insured credit unions, total assets of more than $1 trillion, and net loans of $572 billion.
Read more about National Credit Union Administration: Organization, History, Insurance Coverage, Mycreditunion.gov
Famous quotes containing the words national, credit and/or union:
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—For the State of New Jersey, U.S. public relief program (1935-1943)
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—Frances E. Willard 1839–1898, U.S. president of the Women’s Christian Temperance Union 1879-1891, author, activist. The Woman’s Magazine, pp. 137-40 (January 1887)