Credit Unions are regulated by a combination of agencies which includes:
A) state authorities.
B) The Federal Reserve.
C) The Federal Deposit Insurance Corporation.
D) The Office of the Comptroller of the Currency.

Question

Quizplus · Accepted Answer

Credit unions are primarily regulated by state authorities, such as the state Department of Financial Institutions, with oversight from the National Credit Union Administration (NCUA), which is a federal agency. While the other three options are regulatory agencies for banks, they do not have jurisdiction over credit unions.

Credit Unions Are Regulated by a Combination of Agencies Which