Explain National Credit Union Administration and its role:

Expert Solution

National Credit union administration is an agency of United States Government which charters different type of Federal credits and loans. The core function of national Credit union administration is to charter different credit unions and overseas them order to make sure that their solvent to protect the best interest of the owners.

All Federal Credit union operates under National Credit union administration. It is an independent Federal agency that insure deposits at Federally insured credit unions, it also protects the members who owns the credit unions and charters and regulates Federal Credit union.

The most important role of National Credit union administration is of running a deposit insurance program called National Credit union insurance share fund which offer different type of securities to members.it also provides with host of informations and outreach services to continuously educate its members.

jeff jeffy answered 1 year ago

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