ALEXANDRIA, Va.–After more than a decade of waiting, the logo of the National Credit Union Administration has been approved for an update.
Officially known as the “Seal of Office,” a new seal was first proposed in 2008 when JoAnn Johnson was the agency’s chairman and sent to then President George W. Bush for approval via executive order. The Bush Administration, however, never issued the order. The new seal being implemented by NCUA is different from that which was proposed in 2008.
The agency’s current seal, approved in 1971 by President Richard M. Nixon, which has long been open to some interpretation, shows what is supposed to be an arrow pointing upward against a blue background with the words National Credit Union Administration encircling it.
President Trump has now signed off on the new seal, which is shown at right and includes:
- An eagle overlaid by a shield (conveying the agency’s role as an arm of the Federal Government)
- The text of “NCUA” in white on a blue background on the crest of the shield (which the order notes is the “core of the sign that federally insured credit unions are required to display”)
- Three stars above the eagle (representing the NCUA’s three-member board
- An oak branch held by the eagle in its left talon (symbolizing “NCUA’s strength, honor, and longevity in carrying out its mission of promoting confidence in the national system of cooperative credit”)
- An olive branch held in the eagle’s right talon (symbolizing “the peace and prosperity facilitated by the economic growth and access to affordable financial services that the nation’s credit unions have long provided to millions of Americans”)
- The upper portion of the circle that forms the border of the seal includes the agency’s title, while the lower portion of the circle displays the date “1934,” when the FCU Act was passed by Congress