United States, federal credit unions are chartered and overseen by the National Credit Union Administration (NCUA), which also provides deposit insurance similar to the manner in which the Federal Deposit Insurance Corporation (FDIC) provides deposit insurance to banks. State-chartered credit unions are overseen by the state's financial regulatory agency and may, but are not required to, obtain deposit insurance. Because of problems with bank failures in the past, no state provides deposit insurance and as such there are two primary sources for depository insurance – the NCUA and American Share Insurance (ASI), a private insurer based in Ohio. In Canada, the majority of credit unions and caisses populaires are provincially incorporated and deposit insurance is provided by a provincial Crown corporation. For example, in Ontario up to 250,000 of eligible deposits in credit unions are insured by the Financial Services Regulatory Authority of Ontario. Federal credit unions, such as the UNI Financial Cooperation caisse in New Brunswick, are incorporated under federal charters and are members of the Canada Deposit Insurance Corporation. See also Bond of association Consumers' cooperative Cooperative banking Capital market Community federal credit union Deposit account Democratic member control (cooperatives) History of credit unions Humanomics Labour Bank Credit unions in Canada Credit unions in the United Kingdom Credit unions in the United States References Further reading Ian MacPherson. Hands Around the Globe: A History of the International Credit Union Movement and the Role and Development of the World Council of Credit Unions, Inc. Horsdal & Schubart Publishers Ltd, 1999. F.W. Raiffeisen. The Credit Unions. Trans. by Konrad Engelmann. The Raiffeisen Printing and Publishing Company, Neuwid on the Rhine, Germany, 1970. Fountain, Wendell. The Credit Union World. AuthorHouse, Bloomington, Indiana, 2007. External links Credit Union National Association national trade association for credit unions World Council of Credit Unions global trade association for credit unions Association of Asian Confederations of Credit Unions regional federation representing 21 national federations in Asia with 35 million retail members National Credit Union Service Organization directory of all credit unions in the U.S. National Credit Union Foundation charitable arm of credit union industry Cooperative banking Social economy Community building Financial services