Federal credit unions are regulated and supervised by the
A)Central Liquidity Facility.
B)National Credit Union Administration.
C)Securities and Exchange Commission.
D)Corporate Credit Union Network.
E)none of the above

Question

Quizplus · Accepted Answer

Federal credit unions in the United States are regulated and supervised by the National Credit Union Administration (NCUA). The NCUA is an independent federal agency that oversees and charters federal credit unions, insures the deposits of credit union members, and supervises the overall safety and soundness of the credit union system. Therefore, option B is the correct answer.

Federal Credit Unions Are Regulated and Supervised by the