The NCUA unveiled a redesigned insurance coverage estimator on Tuesday.
“Credit union members will have an easier time getting answers to questions about their share insurance and keeping track of their coverage,” said an NCUA release.
Users can also input information while simultaneously using essential reference materials.
“Our new Share Insurance Estimator makes it easy for consumers to calculate share insurance coverage and receive immediate answers to questions about share insurance,” said NCUA Board Chairman Debbie Matz.
“NCUA encourages credit unions to share with their members this useful tool and other consumer information resources available on our consumer website MyCreditUnion.gov,” she added.
Credit unions are encouraged to contact the NCUA’s Office of Consumer Protection’s Division of Consumer Access with any questions regarding the new tool.