Press

NCUA releases new, improved insurance coverage estimator

ALEXANDRIA, VA (January 7, 2014) —  Credit union members will have an easier time getting answers to questions about their share insurance and keeping track of their coverage, thanks to a new and improved online tool announced today by the National Credit Union Administration.

The redesigned Share Insurance Estimator, formerly known as the E-Calculator, is now easier to navigate and has expanded content. Users can input information while simultaneously using important reference materials. The enhancements also provide users with additional information for using the Share Insurance Estimator.

“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 Board Chairman Debbie Matz said. “NCUA encourages credit unions to share with their members this useful tool and other consumer information resources available on our consumer website MyCreditUnion.gov.”

For any questions about the Share Insurance Estimator or any other share insurance inquiries, interested parties may contact the Office of Consumer Protection’s Division of Consumer Access toll free at 1-800-755-1030 (select option 2) or by email at DCAmail@ncua.gov.

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 95 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.

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