NCUA

The National Credit Union Administration (NCUA) is an independent federal agency that oversees and regulates credit unions in the United States. Its main role is to ensure the safety and soundness of credit unions, protect members’ deposits, and promote financial stability within the credit union system. NCUA also insures deposits up to specified limits, similar to how the FDIC insures bank deposits. By setting standards and providing resources, the NCUA helps maintain trust and confidence in credit unions, supporting their ability to serve members’ financial needs.