NAFCU NCCO Exam 1 || 2026 (Actual Exam)
Questions with verified Answers | FREQUENTLY
MOST TESTED QUESTIONS AND VERIFIED
SOLUTIONS @ 2026
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Practice questions for this set
Learn 1 /7 Study with Learn
1. Vote
2. Maintain share account
Choose an answer
Federal Regulations are
1 2 Membership rights
implemented by...
3 Membership ends.. 4 Title II Share Insurance
Don't know?
Terms in this set (35)
, Federal Regulations are Federal Agencies
implemented by...
APA (Administrative Procedure Act) Establishes specific procedures for issuing
proposed rules and providing time for public
comment on proposals
FCU Act Enacted by Congress in 1934, amended in 1970 -
created NCUA.
Title 1 General Provisions Express and incidental powers
Title II Share Insurance National Credit Union Share Insurance Fund
(NCUSIF). NCUA managed. $250,000 Share
insurance. Credit Unions must maintain at least 1%
of shares in NCUSIF.
Title III Central Liquiduty Fund Mixed ownership government corp to provide
liquidity to credit unions experiencing or unusual
or unexpected liquidity shortfalls. Regular or
agent ownership.
Research and Compliance Legal Opinion Letters (LOL), Letters to Federal
Resources Credit Unions and Interpretive Rulings and Policy
Statements (IRPS)
Dodd-Frank Act Enacted 2010, created CFPB - authority to define
Unfair, Deceptive or Abusive Acts or Practices
(UDAAP)
CFPB authority over Interpreting and enforcing enumerated consumer
laws except Truth in Savings - NCUA and
consumer complaints
Questions with verified Answers | FREQUENTLY
MOST TESTED QUESTIONS AND VERIFIED
SOLUTIONS @ 2026
Save
Practice questions for this set
Learn 1 /7 Study with Learn
1. Vote
2. Maintain share account
Choose an answer
Federal Regulations are
1 2 Membership rights
implemented by...
3 Membership ends.. 4 Title II Share Insurance
Don't know?
Terms in this set (35)
, Federal Regulations are Federal Agencies
implemented by...
APA (Administrative Procedure Act) Establishes specific procedures for issuing
proposed rules and providing time for public
comment on proposals
FCU Act Enacted by Congress in 1934, amended in 1970 -
created NCUA.
Title 1 General Provisions Express and incidental powers
Title II Share Insurance National Credit Union Share Insurance Fund
(NCUSIF). NCUA managed. $250,000 Share
insurance. Credit Unions must maintain at least 1%
of shares in NCUSIF.
Title III Central Liquiduty Fund Mixed ownership government corp to provide
liquidity to credit unions experiencing or unusual
or unexpected liquidity shortfalls. Regular or
agent ownership.
Research and Compliance Legal Opinion Letters (LOL), Letters to Federal
Resources Credit Unions and Interpretive Rulings and Policy
Statements (IRPS)
Dodd-Frank Act Enacted 2010, created CFPB - authority to define
Unfair, Deceptive or Abusive Acts or Practices
(UDAAP)
CFPB authority over Interpreting and enforcing enumerated consumer
laws except Truth in Savings - NCUA and
consumer complaints
