Credit unions are regulated under Article XI of the Banking Law. New York state-chartered credit unions are also regulated by the National Credit Union Administration, which also insures credit union share accounts up to certain limits. Domestic Representative Offices A national bank or a bank char...
It administers a Central Liquidity Facility, which is the credit union lender of last resort, and the National Credit Union Share Insurance Fund, which insures credit union deposits. Credit unions are member-owned financial cooperatives and must be not-for-profit institutions. As cooperatives, they...
Learn how the FDIC insures bank deposits and how liquidity is provided through the Federal Reserve, how fiscal policy is enacted by lawmakers, and the proactive approach of a piece of legislation called Dodd-Frank. Related to this QuestionWhat textbooks...