National Credit Union Administration

• Pages: 441-444

NATIONAL CREDIT UNION ADMINISTRATION

1775 Duke Street, Alexandria, VA 22314

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

CHAIRMAN Michael E. Fryzel

Vice Chairman Rodney E. Hood

Member Gigi Hyland

Director, Public and Congressional Affairs John J. McKechnie III

T217558.048

Executive Director David M. Marquis

General Counsel Robert M. Fenner

Chief Financial Officer Mary Ann Woodson

Director, Office of Small Credit Union Tawana Y. James

Initiatives

Director, Office of Corporate Credit Unions Mark A. Treichel

Director, Office of Examination and Insurance Melinda Love

Director, Office of Human Resources Kathy Sachen-Gute

Director, Office of Capital Markets and Planning Owen Cole

Director, Office of Chief Information Officer Doug Verner

Inspector General William 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 union management and operations.

For further information, contact the Director, Office of Examination and Insurance. Phone, 703-518-6360.

Share Insurance The act of October...