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Who regulates credit unions?

credit unions
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Who regulates credit unions?

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A. The National Credit Union Administration (NCUA) regulates federally-chartered credit unions–like Mountain America. Credit unions are subject to much of the same consumer regulations as other financial institutions. In some cases, such as investments and mortgage business lending, credit unions must adhere to more strict regulations.

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A. The State of Florida regulates state-chartered credit unions like Florida Central. The National Credit Union Administration (NCUA), an agency of the Federal Government, insures our members’ deposits up to $250,000 and separately insures Traditional and Roth IRA accounts up to $250,000.

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