The NCUA conducted a recent webinar in which staff discussed how credit union employees can help their members maximize National Credit Union Share Insurance Fund (NCUSIF) coverage.
The webinar will be archived and closed captioned in the coming weeks in the NCUA videos section of its website.
Accounts discussed during the webinar included:
Additionally, the agency shared several resource tools to help credit unions and their members understand share insurance benefits and calculate whether a member’s accounts are fully insured. These resources can be linked on credit unions’ websites to be offered to members.
The agency encourages credit unions to visit mycreditunion.gov to review their share insurance estimator, video series, share insurance FAQs and a variety of available brochures.
Additional details can be found on CUNA’s CompBlog, including links to past CompBlog entries covering share insurance rules.
NCUA staff will be conducting another webinar Aug. 15, featuring a deeper dive into the into the complexities of calculating share insurance for accounts with multiple owners and/or multiple beneficiaries. Registration is now open.