National Credit Union Association – Another federal agency of the United States. This union was created to monitor all credit union across the country.

Its priority responsibility is to run the National Credit Union Insurance Fund which uses tax dollars to insure the deposits at all federal credit unions.

The NCUA officially became a federal agency in 1970 and is headquartered in Alexandria, Virginia. The agency is headed by a three-member board which is appointed directly by the president of the United States. The agency currently monitors over 9,500 federally insured credit unions that service over 80 million customer accounts.

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Related ChexSystems Banking Information:

1. National Bank
2. Office of the Comptroller of the Currency
3. Fed
4. Federal Reserve
5. Fighting With Your Bank? Learn How to File a Complaint

Tagged as: Federal Agency, National Credit Union Association