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News Now

Washington
Improved Share Insurance Estimator Tool Unveiled by NCUA
ALEXANDRIA, Va. (1/8/14)--It should be easier now for credit union members to get answers to questions about their share insurance and to keep track of their coverage with a new, improved Share Insurance Estimator just unveiled on the National Credit Union Administration website.

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The estimator "makes it easy for consumers to calculate share insurance coverage and receive immediate answers to questions about share insurance," NCUA Chairman Debbie Matz said. Users can choose from personal, business and government accounts, and enter the amounts held in those accounts and other related information to determine how much of their total credit union funds are insured by NCUA.

The agency said Tuesday that improvements to the tool will allow users to type in information while simultaneously using important reference materials and will provide users with additional guidance for using the Share Insurance Estimator.

The Share Insurance Estimator was formerly known as the E-Calculator. The tool will also tell members what they can do if their account is not 100% protected.

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