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NCUA Insurance Estimator now reflects higher coverage
ALEXANDRIA, Va., (10/21/08)—The National Credit Union Administration (NCUA) has updated the share insurance estimator and placed it on its website to provide members of insured credit unions an opportunity to estimate the amount of coverage the National Credit Union Share Insurance Fund now provides. The estimator, developed by the Federal Deposit Insurance Corp. and adapted for credit union members by the NCUA, now bases computations on the new insurance rules in effect as of Oct. 3, 2008, reflecting the temporary higher $250,000 coverage. E-SIC reflects both the NCUA Board’s recent simplification of the rules for revocable trusts and the passage of the “Emergency Economic Stabilization Act.” If subsequent statutory or regulatory changes should occur, NCUA said it will update the E-SIC as quickly as possible. For the E-SIC and other online share insurance resources, use the resource links below.
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