NCUA
Authored by Justin Persick
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary mission of the NCUA?
Promote fair lending practices
Protect the safety and soundness of the credit union system and promote consumer financial protection
Administer deposit insurance for banks
Regulate and supervise state-chartered credit unions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an importance of the NCUA?
Promoting fair lending practices
Ensuring the safety and soundness of credit unions
Administering deposit insurance coverage for member deposits
Promoting consumer financial protection
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the NCUA structured?
It is headed by a five-member Board appointed by the President and confirmed by the Senate
It is headed by a three-member Board appointed by the President and confirmed by the Senate
It is governed by Congress
It is headed by the Chairman of the Federal Reserve
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the National Credit Union Share Insurance Fund (NCUSIF)?
Administer deposit insurance coverage for member deposits at federally insured credit unions
Provide loans to credit unions
Regulate consumer protection laws
Conduct examinations of credit unions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the NCUA do to ensure compliance with regulations and best practices?
Issue enforcement orders
Appoint a conservator or liquidate credit unions if necessary
Conduct routine examinations of credit unions
Establish rules and regulations
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which entity provides deposit insurance coverage for member deposits at federally insured credit unions?
Federal Reserve System
Office of the Comptroller of the Currency
National Credit Union Share Insurance Fund (NCUSIF)
Federal Deposit Insurance Corporation (FDIC)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the NCUA in relation to consumer protection?
Administering consumer protection laws and regulations
Investigating potential violations of consumer financial protection laws
Addressing consumer complaints
All of the above
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