January 07, 2014

NCUA revamps share insurance estimator

Jan. 8, 2014 – NCUA announced a redesigned version of the E-Calculator, now called the Share Insurance Estimator, which will allow credit union members to calculate share insurance coverage and ask questions.

NCUA Board Chairman Debbie Matz said, "Our new Share Insurance Estimator makes it easy for consumers to calculate share insurance coverage and receive immediate answers to questions about share insurance. NCUA encourages credit unions to share with their members this useful tool and other consumer information resources available on our consumer website"

The tool now allows credit union members to fill out information while consulting reference materials, among other improvements to navigability and content.

Accounts in credit unions insured by the National Credit Union Share Insurance Fund are protected to $250,000. NCUA announced in its October board meeting that credit unions will not be assessed a share insurance premium for 2013.