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:
“I, with other Americans, have perhaps unduly resented the stream of criticism of American life ... more particularly have I resented the sneers at Main Street. For I have known that in the cottages that lay behind the street rested the strength of our national character.”
—Herbert Hoover (1874–1964)
“If you want to be on good terms with everyone in this world, sell goods on credit and never ask for payment.”
—Chinese proverb.
“The man whose whole activity is diverted to inner meditation becomes insensible to all his surroundings. If he loves, it is not to give himself, to blend in fecund union with another being, but to meditate on his love. His passions are mere appearances, being sterile. They are dissipated in futile imaginings, producing nothing external to themselves.”
—Emile Durkheim (1858–1917)