Glossary(N)

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National Credit Union Administration (NCUA)

The Federal regulatory agency that charters and supervises Federal credit unions. The NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federally insured credit unions (both Federal credit unions and state-chartered credit unions).

National Credit Union Share Insurance Fund (NCUSIF)

The fund maintained by the NCUA to insure shares at failed credit unions.

National Flood Insurance Program (NFIP)

The program of flood insurance coverage and floodplain management administered under the Flood Disaster Protection Act (FDPA or Act) and applicable Federal regulations found in Title 44 of the Code of Federal Regulations, Subchapter B.

Non-Affiliate

A financial or nonfinancial company that is unrelated by common ownership or control.

Non-Contingent Interest

A participant's share in a trust or employee benefit plan that is determinable without contingencies.

Non-Share Investment Products

Products that include stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities. Because they are not shares, the NCUA does not insure these investments, even if they are sold at a federally insured credit union.

Non-Sufficient Funds (NSF)

The status of an account that does not have enough money in it to cover one or more transactions. NSF also describes the fee incurred from a check that cannot be honored or does not clear because of insufficient funds in the checking account. NSF checks are often known as bad checks, bounced checks, or returned checks.