Online Estimator Is Easier for Credit Union Members to Use
ALEXANDRIA, Va. (Jan. 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 United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of more than
98 million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.