There are some state-chartered credit unions that are not regulated by the NCUA, due to the fact that they are not insured by the NCUA. In Illinois, state-chartered credit unions can obtain share insurance either from the NCUA or from a private insurer, American Share Insurance, Inc. If a state-chartered credit union obtains insurance from the NCUA, its primary regulator is the IDFPR, and the NCUA also has authority to examine and regulate the credit union. See National Credit Union Act, 12 USC 1784 (examination of insured credit unions, which can be state- or federally-chartered). However, if a state-chartered credit union instead obtains insurance from a private insurer, it wouldn’t be considered an “insured credit union” subject to NCUA’s examination authority. See definition of “insured credit union,” 12 USC 1752(7). Such privately-insured credit unions are still, however, subject to IDFPR examinations if chartered in Illinois. Illinois Credit Union Act, 205 ILCS 305/9(3).