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About
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.
News
News
Stay up to date on the NCUA's activities by subscribing to the NCUA's Express messages. Read press releases, speeches, testimony, and Annual Reports. Register for upcoming conferences and events.
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.

Electronic Funds Transfer Payments Form

NCUSIF Authorization for EFT Payments in PDF (28 KB)

This Authorization Agreement for Electronic Funds Transfer form is intended for use by federally insured credit unions, not for the NCUA vendors or the general public.

Public Law 104-134 (the Debt Collection Improvement Act of 1996) requires that all payments from federal agencies, with the exception of Internal Revenue Service tax refunds, must be made by electronic funds transfer (EFT) effective January 1, 1999. The NCUA advised credit unions of this new requirement in NCUA Letter to Credit Unions 97-CU-7 and began collecting information.

This form provides credit unions with a convenient means of providing the NCUA with the information needed to make payments to credit unions electronically. The completed form can be either mailed or faxed to the NCUA using the information provided on the bottom of the form.

Direct questions/comments to the Division of Share Insurance at NCUSIF@ncua.gov or hotline 877.452.1463.

Last modified on

12/15/20