National Credit Union Administration - NCUA

The National Credit Union Administration or NCUA plays a role similar to that of the FDIC, but with credit unions instead of banks. Just like the FDIC it provides deposit insurance, while also supervising credit unions.

While the FDIC's primary purpose is deposit insurance, the NCUA also handles the chartering, regulation, and supervision of all federal credit unions. Also just like the FDIC, accounts that are insured with the NCUA, are insured for $250,000.