NCUA (National Credit Union Administration)

The National Credit Union Administration (NCUA) is a U.S. government agency that oversees and regulates federal credit unions, which are member-owned financial cooperatives. Its primary role is to ensure the safety and soundness of these institutions, protecting members' deposits and promoting fair practices. The NCUA also provides insurance on deposits through the National Credit Union Share Insurance Fund (NCUSIF), similar to FDIC insurance for banks. By regulating and supporting credit unions, the NCUA helps maintain a stable and competitive financial system for consumers.