National Credit Union Share Insurance Fund

E259496

U.S. government fund deposit insurance fund

The National Credit Union Share Insurance Fund is a U.S. government-backed fund that insures members’ deposits in federally insured credit unions, similar to how the FDIC protects bank deposits.

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All labels observed (2)

Label	Occurrences
National Credit Union Share Insurance Fund canonical	4
NCUSIF	2

Statements (49)

Predicate	Object
instanceOf	U.S. government fund ⓘ deposit insurance fund ⓘ
acronym	National Credit Union Share Insurance Fund self-linksurface differs ⓘ surface form: NCUSIF
administeredBy	National Credit Union Administration ⓘ surface form: NCUA Board
backedBy	full faith and credit of the United States government ⓘ
beneficiary	members of federally insured credit unions ⓘ
country	United States of America ⓘ surface form: United States
coverageRequirement	federal credit unions must be insured by NCUSIF ⓘ most state-chartered credit unions are required to have NCUSIF coverage ⓘ
coverageScope	certificates of deposit in federally insured credit unions ⓘ individual retirement accounts held at federally insured credit unions ⓘ money market accounts in federally insured credit unions ⓘ savings accounts in federally insured credit unions ⓘ share draft accounts in federally insured credit unions ⓘ
establishedBy	United States Congress ⓘ surface form: U.S. Congress
fundingSource	investment income ⓘ premiums paid by federally insured credit unions ⓘ
goal	to maintain the stability of the credit union system ⓘ
guaranteeLimitBasis	per depositor per insured credit union ⓘ per ownership category ⓘ
guaranteeType	explicit federal guarantee ⓘ
headquartersLocation	Alexandria, Virginia ⓘ
industry	deposit insurance ⓘ
insuranceCoverageType	deposit insurance ⓘ share insurance ⓘ
insurerType	mandatory insurer for federally chartered credit unions ⓘ
insures	credit union member deposits ⓘ shares in federally insured credit unions ⓘ
investmentPolicy	invests primarily in U.S. Treasury securities ⓘ
legalAuthority	Federal Credit Union Act ⓘ
maximumStandardInsuranceAmountPerDepositorPerInstitution	250000 USD ⓘ
monitoredBy	United States Congress ⓘ surface form: U.S. Congress
operatedBy	National Credit Union Administration ⓘ
owner	United States government ⓘ
provides	insurance coverage in the event of credit union failure ⓘ
publicInformation	provides online resources explaining share insurance coverage ⓘ
purpose	to maintain public confidence in the credit union system ⓘ to protect members’ deposits in credit unions ⓘ
regulatesDomain	federally insured credit unions ⓘ
regulatoryFramework	federal financial regulatory system ⓘ
relatedTo	Federal Deposit Insurance Corporation ⓘ National Credit Union Administration ⓘ
riskExposure	credit union failures ⓘ
riskManagementApproach	risk-based premiums ⓘ
sector	financial services ⓘ
similarTo	Federal Deposit Insurance Corporation ⓘ surface form: FDIC deposit insurance Federal Deposit Insurance Corporation ⓘ
supervisedBy	National Credit Union Administration ⓘ
typeOfGuarantee	statutory guarantee ⓘ

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

National Credit Union Administration → hasPart → National Credit Union Share Insurance Fund ⓘ

National Credit Union Administration → operates → National Credit Union Share Insurance Fund ⓘ

U.S. credit unions → insurer → National Credit Union Share Insurance Fund ⓘ

U.S. credit unions → abbreviation → National Credit Union Share Insurance Fund ⓘ

this entity surface form: NCUSIF

National Credit Union Share Insurance Fund → acronym → National Credit Union Share Insurance Fund self-linksurface differs ⓘ

this entity surface form: NCUSIF

Chairman of the National Credit Union Administration → oversees → National Credit Union Share Insurance Fund ⓘ