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The National Credit Union Administration (NCUA) is an American government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation (FDIC), which insures commercial banks and savings institutions.
Kyle S. Hauptman (born December 13, 1973) is the thirteenth Chairman of the National Credit Union Administration (NCUA). [1] Hauptman was designated Chairman by President Donald J. Trump on January 20, 2025. [2] [3] Before his designation as Chairman, Mr. Hauptman served as Vice Chairman of the NCUA since December 18, 2020.
This is a partial list of credit unions in the United States.. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1]
The NCUA’s counterpart at banks is the Federal Deposit Insurance Corp. (FDIC). While accounts at credit unions and banks are insured differently, both federal agencies have similar rules and ...
Standard FDIC and NCUA insurance covers up to $250,000 of deposits and interest earned on those deposits. Online-only banks also provide FDIC insurance, but fintech companies aren't part of the ...
And just like with a traditional brick-and-mortar bank or credit union, your deposits are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union ...
NCUA gets about $200 million of its current budget from the Share Insurance Fund, with the remainder coming from operating fees charged to regulated credit unions. [ 1 ] In the event that the equity ratio of the fund falls below 1.20 percent, the Federal Credit Union Act requires the NCUA Board to charge credit unions a premium or to develop ...
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