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:
“We want, and must have, a national policy, as to slavery, which deals with it as being wrong.”
—Abraham Lincoln (1809–1865)
“The thief steals from himself. The swindler swindles himself. For the real price is knowledge and virtue, whereof wealth and credit are signs. These signs, like paper money, may be counterfeited or stolen, but that which they represent, namely, knowledge and virtue, cannot be counterfeited or stolen.”
—Ralph Waldo Emerson (1803–1882)
“My whole working philosophy is that the only stable happiness for mankind is that it shall live married in blessed union to woman-kind—intimacy, physical and psychical between a man and his wife. I wish to add that my state of bliss is by no means perfect.”
—D.H. (David Herbert)