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About
Created by the U.S. Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions.
Regulation & Supervision
Regulation & Supervision
The NCUA protects the safety and soundness of the credit union system by identifying, monitoring and reducing risks to the National Credit Union Share Insurance Fund. Backed by the full faith and credit of the United States, the Share Insurance Fund provides up to $250,000 of federal share insurance to millions of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
Analysis
Analysis
The NCUA’s economists and analysts compile data on the credit union system’s financial performance, merger activity, changes in credit union chartering and fields of membership, as well as broader economic trends affecting credit unions. Users can find information on a single credit union or analyze broader nation-wide trends.
Support Services
Support Services
The NCUA provides a number of support services to the credit union system, such as providing training, grants and loans, chartering, and field-of-membership services; maintaining the health and stability of Share Insurance Fund; managing the assets of failed credit unions; and providing emergency liquidity.
Consumers
Consumers
The NCUA works to protect credit union members and consumers, raise awareness of potential frauds, facilitate access to affordable financial services, and educate consumers on the importance of savings and how they can improve their financial well-being.
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Cybersecurity Resources
Cybersecurity Resources
Cyberattacks and cybersecurity vulnerabilities pose significant risks to the financial system. Because of vulnerabilities within the credit union industry and the broader financial system to potential cyberattacks, cybersecurity is one of the NCUA’s top supervisory priorities and a top-tier risk under the agency’s enterprise risk-management program.

Nonstandard Bylaw Amendment

98-0725 / August 1998

Subject

Bylaws

Historic Status

Non-historic

GC/MFR:bhs
SSIC 6100
98-0725

TO: [redacted]

FROM: Sheila A. Albin, Associate General Counsel

You have asked for our comments on [redacted] Federal Credit Union’s (the FCU’s) request for a nonstandard bylaw amendment to Article V, Section 1 of the Federal Credit Union Bylaws. The FCU wishes to specify in its bylaws that the annual meeting will be held in conjunction with the sponsor’s annual meeting. Because the sponsor is a national organization, this will not be within 100 miles of the FCU’s office, but will attract greater member participation because it will be held in a location where many of the members will already be meeting. We have no legal objection to the proposal. The Federal Credit Union Act only requires that the FCU’s annual meeting “be held at such place as its bylaws shall prescribe.” 12 U.S.C. §1760.

Last modified on

11/14/24

Nonstandard Bylaw Amendment

Footnotes