The banking-related entity shares similarities with the purpose and function of the ncua is " Federal Credit Union".
The term NCUA is defined as the National Credit Union Administration. It was established on 10 March, 1970.
Moreover, NCUA insures credit union accounts. while the FDIC provides federal insurance for bank accounts.Both the Federal credit union and NCUA come with the same limits on insurance coverage.
Adding to it, the Credit unions were gaining popularity and popping up all over America, but it was only in the 1930s that the credit union movement achieved federal recognition and national acceptance.
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