National Credit Union Administration

• Pages: 456-458

NATIONAL CREDIT UNION ADMINISTRATION

1775 Duke Street, Alexandria, VA 22314

Phone, 703-518-6300. Internet, www.ncua.gov.

Chairman JoAnn Johnson

Vice Chairman of the Board Rodney E. Hood

Board Member Christiane Gigi Hyland

Director, Congressional and Governmental Affairs John J. McKechnie III

Associate Director of External Affairs Justin Grove

Secretary of the Board Mary Rupp

Executive Director J. Leonard Skiles

General Counsel Robert M. Fenner

Chief Financial Officer Dennis Winans

Director, Office of Small Credit Union Tawana Y. James

Initiatives

Director, Office of Corporate Credit Unions Kent D. Buckham

Director, Office of Examination and Insurance David M. Marquis

Director, Office of Human Resources Kathy Sachen-Gute

Director, Office of Capital Markets and Planning Marcia Sarrazin

Director, Office of Chief Information Officer Doug Verner

Director, Office of Training and Development Leslie Armstrong

Inspector General Willian DeSarno

President, Asset Management and Assistance Mike Barton

Center

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The National Credit Union Administration is responsible for chartering, insuring, supervising, and examining Federal credit unions and administering the National Credit Union Share Insurance Fund. The Administration also administers the Community Development Revolving Loan Fund and manages the Central Liquidity

Facility, a mixed-ownership Government corporation whose purpose is to supply emergency loans to member credit unions.

The National Credit Union Administration (NCUA) was established by act of March 10, 1970 (12 U.S.C. 1752), and reorganized by act of November

10, 1978 (12 U.S.C. 226), as an independent agency in the executive branch of the Federal Government. It regulates and insures all Federal credit unions and insures State-chartered credit unions that apply and qualify for share insurance.

Activities

Chartering The Administration grants Federal credit union charters to groups sharing a common bond of occupation or association or groups within a well-defined neighborhood, community, or rural district. A preliminary investigation is made to determine if certain standards are met before granting a Federal charter.

For further information, contact the appropriate regional office listed in the following table.

Examinations The Administration regularly examines Federal credit unions to determine their solvency and compliance with laws and regulations and to assist credit...