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National Credit Union Share Insurance Fund (NCUSIF): Credit Union Deposit Insurance (CRS Report for Congress)

A full-text PDF of the latest version is currently unavailable.
Release Date Revised July 7, 2009
Report Number RS22987
Report Type Report
Authors Pauline Smale, Analyst in Financial Economics
Source Agency Congressional Research Service
Older Revisions
  • Premium   Nov. 19, 2008 (5 pages, $24.95) add
Summary:

This report provides information on the structure and operations of the National Credit UnionShare Insurance Fund (NCUSIF) and the recently enacted changes. The NCUSIF is the federaldeposit insurance fund for credit unions. This insurance fund is administered by the NationalCredit Union Administration (NCUA), an independent federal agency. Membership in theNCUSIF is mandatory for federal credit unions. The vast majority of state-chartered institutionsare also federally insured. This report will be updated as warranted by events and legislation.