Who is the primary regulator of credit unions?

Answer The National Credit Union Administration is the government agency that oversees federal credit unions. Each of the 47 states that have state-chartered credit unions, has its own state regulator for... Read More »

Top Q&A For: Who is the primary regulator of credit unions

What Is the Difference Between Regular Credit Unions & Federally Backed Credit Unions?

Credit unions are chartered by either state governments or the federal government. When people refer to a "regular" credit union, it is generally a state-chartered institution and does not have the... Read More »

How are credit unions insured?

Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to protect investors in case of bank failure, but credit unions are not covered by this organization. Credit unions are... Read More »

When were credit unions created?

Credit unions started in Germany in 1852. Edward A. Filene, of Filene's Basement, brought credit unions to the United States in 1909. In 1921, Filene established the Credit Union National Extension... Read More »

Problems With Credit Unions?

Credit unions are cooperative nonprofit financial institutions that serve a specific group of people, such as the employees of certain companies. Because they are nonprofit institutions, they typic... Read More »