The NCUA provides the members with a source of credit for provident purposes at reasonable rates of interest. National Courts Section of the Department of Justice, National Council on Compensation Insurance [NCCI], National Credit Union Share Insurance Fund [NCUSIF], National Crime Prevention and Privacy Compact Council, National Crime Victimization Survey [NCVS], National Criminal History Background Check System, Academy for International Conflict Management and Peacebuilding [USIP], Access Control Mechanism [National Security], National Credit Union Administration (NCUA). Can we count on you to read this article? Federal agency that oversees and insures the federal credit union system, and is funded by its members. Privacy The federal agency that charters, examines, supervises and insures federal credit unions. National Credit Union Administration. The NCUA aids its members by improving their economic situation through encouraging thrift among its members. Test Your Knowledge - and learn some interesting things along the way. The term of office of the board members is six years. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! | The members of the board are appointed directly by the president of the U.S. In addition, the NCUA operates a central credit facility for member credit … Contact Can you spell these 10 commonly misspelled words? Singular Nonbinary ‘They’: Is it ‘they are’ or ‘they is’? | The National Credit Union Administration (NCUA) is an agency of the United States government that charters and oversees federal credit unions. Most Popular Terms: Earnings per share (EPS) Delivered to your inbox! NCUA administers the National Credit Union Share Insurance Fund. NCUA also insures state-chartered credit unions that apply and qualify for deposit insurance. The NCUA is headed by a three-member board. About Sitemap Home Get the USLegal Last Will Combo Legacy Package and protect your family today! 'All Intensive Purposes' or 'All Intents and Purposes'? The National Credit Union Administration (NCUA) is an independent federal agency supervising and chartering federal credit unions. Learn a new word every day. | What made you want to look up National Credit Union Administration? The NCUA was created in 1970 to monitor federal credit unions across the country. The National Credit Union Administration (NCUA) is a federal agency in the United States responsible for supervising credit unions. Browse US Legal Forms’ largest database of 85k state and industry-specific legal forms. Post the Definition of National Credit Union Administration to Facebook, Share the Definition of National Credit Union Administration on Twitter. The NCUA is administered through five regional offices. It plays a similar role for credit unions that the Comptroller of the Currency and the Federal Home Loan Bank have historically played … Accessed 11 Nov. 2020. Here Be Dragons: A Creature Identification Quiz. Legal definition of National Credit Union Administration: independent agency in the executive branch responsible for chartering, insuring, supervising, and examining federal credit unions. The federal agency that charters, examines, supervises and insures federal credit unions. The NCUA grants federal credit union charters to groups sharing a common bond of occupation or association, or to groups within a well-defined neighborhood, community, or rural district. National Credit Union Administration (NCUA) Law and Legal Definition. Copyright © 2020 InvestorDictionary.com All rights reserved. It was created by Congress in 1970. Terms of Use. The headquarters of NCUA is in Alexandria, Virginia. | The NCUA conducts periodic examinations of federal credit unions. It was created by Congress in 1970. In addition, the NCUA operates a central credit facility for member credit unions. The NCUA grants federal credit union charters to groups sharing a common bond of occupation or association, or to groups within a well-defined neighborhood, community, or rural district. “National Credit Union Administration.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/National%20Credit%20Union%20Administration. NCUA administers the National Credit Union Share Insurance Fund. The National Credit Union Share Insurance Fund insures deposits up to $250,000 in federally insured credit unions. | It issues policies and regulations, conducts annual examinations, and maintains a warning system designed to identify problems. Get your. The National Credit Union Administration (NCUA) is an independent federal agency supervising and chartering federal credit unions. Share National Credit Union Administration, National Highway Traffic Safety Administration. The NCUA was created in 1970 to monitor federal credit unions across the country. NCUA also insures state-chartered credit unions that apply and qualify for deposit insurance. TO RICHES! National Credit Union Administration (NCUA) Definition. Convenient, Affordable Legal Help - Because We Care! Periodic examinations are conducted to determine the union’s solvency, compliance with laws and regulations, and to assist credit union management in improving operations.
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