A credit union that obtains a federal charter obtains its charter from which government agency?

Question

Quizplus · Accepted Answer

The National Credit Union Administration (NCUA) grants federal charters to credit unions and oversees their operation. Option A is incorrect as the Federal Savings and Loan Insurance Corporation (FSLIC) no longer exists; it was absorbed by the Federal Deposit Insurance Corporation (FDIC) in 1989. Option C is incorrect as the FDIC is responsible for insuring deposits at banks, not chartering credit unions. Option D is incorrect as the Office of the Comptroller of the Currency (OCC) grants charters to national banks, not credit unions.

A Credit Union That Obtains a Federal Charter Obtains Its