Credit Unions, Deposit Insurance, Financial Regulation, and Digital Currencies
New Books in Economics
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Understanding Credit Unions and Their Role in the US
This chapter provides an in-depth explanation of credit unions in the United States, highlighting their differences from regular banks and their cooperative model. It discusses the role of the National Credit Union Administration (NCUA) as a regulator and insurer for credit unions. The chapter also touches on various topics such as credit union charters, assets on credit union balance sheets, and the NCUA's mandate to protect the safety and soundness of the system.
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