National Credit Union Share Insurance Fund

Created in 1970, the Share Insurance Fund is administered by the National Credit Union Administration, an independent federal financial regulator.

The Share Insurance Fund is backed by the full faith and credit of the United States government.

[1] In 1970, Congress, approved, and then President Richard M. Nixon signed, Public Law 91-206 [2], creating the National Credit Union Administration as an independent federal financial regulator.

Soon after, Congress established the National Credit Union Share Insurance Fund and made NCUA responsible for its administration.

NCUA gets about $200 million of its current budget from the Share Insurance Fund, with the remainder coming from operating fees charged to regulated credit unions.

This sign, displayed at all insured credit unions, informs members that their savings are insured by the NCUA.