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Houston Mortgage > Glossary >
Credit Card > N 1-10
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National bank
A bank chartered by the federal government and a mandatory member of the Federal Reserve System.
National Credit Union Association
Created in 1970 to charter and supervise federal credit unions.
National Credit Union Share Insurance Fund
Insures credit union deposits.
National Foundation for Consumer Credit
A nonprofit organization that educates consumers about using credit wisely. The NFCC is the parent group for Consumer Credit Counseling Service.
National issuers
The overwhelming majority of credit cards in the U.S. come from a handful of national issuers, such as First USA, MBNA America and Bank of America. They often originate from lender-friendly states such as Delaware and South Dakota that impose no limits on what cardholders can be charged.
NCUA
National Credit Union Association: Created in 1970 to charter and supervise federal credit unions.
NCUSIF
National Credit Union Share Insurance Fund: Insures credit union deposits.
Net worth
The total value of all assets, such as house, car, furniture and investments, minus all debts, such as mortgages and credit card bills.
NFCC
The National Foundation for Consumer Credit is a nonprofit organization that educates consumers about using credit wisely. The NFCC is the parent group for Consumer Credit Counseling Service.
Niche banks
Smaller banks that cater to particular communities or certain industries. These banks have been thriving in the fallout from mega-bank mergers.
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