independent federal agency based in Washington, D.C., established by Congress to oversee the federal credit union system. The NCUA is funded by credit unions and does not receive any tax dollars. The agency supervises nearly 6,600 federal credit unions and federally insures member accounts in approximately 4000 state-chartered credit unions. The National Credit Union Share Insurance Fund is the agency's arm that insures member accounts up to $100,000. It is backed by the full faith and credit of the U.S. government and is managed by the NCUA Board, which is comprised of three members appointed by the President.

independent federal agency established by federal law in 1970 to charter and supervise federal credit unions. The NCUA is governed by a three-member board, appointed by the president for six-year terms. Its responsibilities include examinations of federal credit unions; management of the National Share Insurance Fund, which provides deposit insurance for federal credit unions and many state credit unions; and the Central Liquidity Facility a source of short-term funds for credit unions. The chairman of the NCUA is a member of the policy coordinating body of federal financial regulators, the federal financial institutions examination council .