State Chartered Savings & Loan and Credit Union Regulation
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There are four types of financial institutions allowed to operate in Nebraska. Those are: commercial banks; credit unions; savings banks or savings & loans; and trust companies. Commercial banks, credit unions and savings & loans operate under a dual system - a national system and a state system. Our agency, the Nebraska Department of Banking and Finance, regulates the state-chartered industries in Nebraska through its Financial Institutions division. This section of our web site is dedicated to savings & loans and credit unions. Please visit the commercial banking and trust company section for more information on those industries. State-chartered credit unions accounts are insured by the National Credit Union Share Insurance Fund (NCUSIF), a division of the National Credit Union Administration (NCUA). Both credit union and savings & loan deposits are insured up to $100,000 per customer. Our agency's Financial Institutions Division works closely with the FDIC and NCUA to promote sound practices by identifying, monitoring and addressing risks. Our agency does not regulate federal credit unions or savings & loans institutions in Nebraska. These institutions operate under a federal charter rather than a state charter. Federal credit unions are regulated by the NCUA. Federal savings banks are regulated by the Office of Thrift Supervision (OTS). Federal credit unions and savings banks are often identified by the words "Federal", "F.A." or "F.S.B." in their name. Federal credit unions should be identified as a credit union. Links to these various regulators are provided in the Links section. |
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Nebraska Department of Banking and Finance © 2004
All Rights Reserved
Nebraska Department of Banking and Finance © 2004
All Rights Reserved