NCUA insures all types of accounts including share accounts, share draft accounts, money market share accounts, and share certificates (certificates). NCUA does not insure other types of investments such as stocks, bonds, mutual funds or annuities even if they were purchased from a credit union or one of its affiliates. Therefore the Share Insurance Estimator should not be used for investment products that are not shares. If the accounts entered into the Share Insurance Estimator are not shares in a federally insured credit union, the coverage information provided in the Share Insurance Estimator report does not apply.

Share Insurance Estimator calculates the insurance coverage of individual accounts, joint accounts with no more than 10 owners, revocable trust account (i.e., ITF/POD and living trust accounts) with up to 3 owners and 20 beneficiaries, IRAs, business, and government accounts. It can process account groups from a single credit union of up to 50 accounts.

The Share Insurance Estimator cannot calculate the insurance coverage of revocable trusts when the beneficiaries do not receive equal amounts. Share Insurance Estimator also cannot calculate coverage for irrevocable trusts, or employee benefit plans. Contact NCUA at 1-800-755-1030 for assistance in determining coverage of these account ownership types.

If you are not sure what information to enter into a given field, rolling your cursor over the "What's This?" located to the left of the field name will bring up help text to guide you.

If you do not respond to a question, or enter information incorrectly, a red X will appear to the right of the field. Rolling your mouse over the X will bring up text that will explain what you need to correct.

To calculate coverage :

Step 1: Enter the name of your credit union, so you will know which credit union this report references. You can use the actual name of the credit union or use another identifier (e.g., CU #1).

Step 2: Identify the account as a personal or business or government account using the radio buttons provided.

For Personal Accounts:

Step 3: Enter an account nickname. The account nickname will help you identify your accounts on the report. Examples of account nicknames include Household Share Draft, Certificate #1, John's Trust or Mary's Roth IRA. If you want to use your account numbers as a reference, you do NOT need to enter your full account number — for example, you can just use the last four digits of the account number (e.g. Acct #2233).

Step 4: Enter a balance for this account using whole numbers. Do not use any non-numeric characters.

Step 5: Identify the ownership type for this account. If the account names beneficiaries, use either ITF/POD or Living Trust. Use ITF/POD when a formal trust is not involved and the beneficiaries are simply identified on the credit union's account records. Use Living Trust when the account is held in the name of a formal revocable trust (also called a family trust) or if the account names a revocable trust as the beneficiary. IRA includes all types of IRAs (traditional, Roth and Simple IRAs).

Important: Accounts that name a living or revocable trust as the beneficiary should be entered as if the account were held in the name of the revocable trust—The owner(s) (grantor/settlor/trustor) of the trust should be identified as the owner(s) of the account, and the actual people or entities who receive trust assets after the death of the owner should be identified as beneficiaries of the account.

Step 6: Enter the name of the owner of this account. If this account has more than one owner, enter each owner's name separately. Enter the pirmary owner first and secondary owners thereafter. If this is a living trust account, enter the name of the person who is the owner (i.e., the grantor/settlor/trustor) of the trust. If the trust has more than one owner, enter each owner's name separately. Do NOT enter the trust name as the owner. Do not enter any trustees unless they are also owners of the trust.

If you do not wish to use full names, you can use first names, relationships or other designations to identify the owner (e.g., George, Gracie, Husband, Wife, Owner 1, Owner 2).

Important: When entering the names of account owners, you must always use the identical name for the same person. Restyling a person's name (e.g., Mary Jane Smith on one account, M.J. Smith on another account) will result in an inaccurate share insurance report.

Step 7: Respond to the question "Is the owner living?" for the primary owner using the radio buttons provided. For additional owners, respond to the question "Is the owner living AND a member of the credit union?" using the radio buttons provided. NOTE: NCUA does not insure an owner's portion of funds in a revocable trust (informal or formal) if that owner is not a member of the credit union. If an owner has a single ownership account, they are generally a member. If an owner does not have a single ownership account,the owner needs to contact their credit uion as to whether they are a member of that credit union or just a co-owner on the account.

If the account is an ITF/POD or living trust account, follow Steps 8, 9 and 10. Otherwise, skip to Step 11.

Step 8: Enter the name of the beneficiary(ies) of this ITF/POD or living trust account. If this account has more than one beneficiary, enter each beneficiary’s name separately.

If you do not wish to use full names, you can use first names, relationships or other designations (e.g., George, Gracie, Husband, Wife, Child 1, Beneficiary 1, Beneficiary 2).

Important: When entering the names of beneficiaries, you must always use the identical name for the same person or organization. Restyling a person's name (e.g., using Mary Jane Smith on one account, M.J. Smith on another account) will result in an inaccurate share insurance report.

If an account beneficiary is a revocable (living/family) trust, see Step 5 above for how to correctly enter the information.

Step 9: Identify the type of beneficiary using the pull-down menu provided.

Step 10: If the beneficiary is a person, respond to the question "Is the beneficiary living?" for each beneficiary entered using the radio buttons provided.

If the beneficiary is a charity or non-profit organization, respond to the question "Is this charity/non-profit organization recognized by the IRS?"

Step 11: Click on "Add to Report". Repeat above steps for all personal accounts you hold at this credit union, then see "For All Accounts" section below.

For Business Accounts:

Follow the first two steps as above.

Step 3: Indicate who the account is held by using the radio buttons provided. If this account is owned by a Sole proprietorship, the shares are insured as the personal accounts of the business owner, and you will be redirected to the Personal Accounts screen. If this account is owned by a Public Unit, the shares are insured as a government account, and you will be redirected to the Government Accounts screen. If this account is owned by a corporation, partnership or unincorporated association, go to Step 4.

Step 4: Enter the name of the Business/Organization that owns this account. Do not use the names of the business owners, partners, or signatories of the account.

Step 5: Enter the Employer Identification or Tax Number (EIN/TIN) used by this business. This is the number that the business or organization uses to file its taxes or tax-exempt forms. Social Security Numbers (SSNs) should not be entered here.

Step 6: Enter an Account Nickname. The account nickname will help you identify your accounts on the report. Examples of account nicknames include Operating Account, Payroll Account, Certificates #1. If you want to use your account number as a reference, you do not need to enter your full account number — you can just use the last four digits of the account number (e.g., Acct #2233).

Step 7: Enter a balance for this account using whole numbers. Do not use dollar signs or any other non-numeric characters.

For Government Accounts:

Follow the first two steps as above.

Step 3: Enter the name of the Account Holder, the person(s) authorized to transact business on this account. This may or may not be the Official Custodian. If the only signatory on this account is the Official Custodian, enter the same name in both fields.

Step 4: Enter the name of the Official Custodian. An official custodian is not just an account signatory; the official custodian is an officer, employee, or agent of a public unit having official custody of public funds and lawfully depositing the funds in the credit union. In order to qualify as an official custodian, a person must have plenary authority – including control – over the funds. Control of public funds includes possession as well as the authority to establish accounts in insured credit unions and to make deposits, withdrawals, and disbursements. If the only account holder on this account is the Official Custodian, enter the same name in both fields.

Step 5: Confirm that the person whose name appears in the Official Custodian field meets the NCUA’s definition of Official Custodian using the radio buttons provided. If this person does not meet the requirements as an Official Custodian the Share Insurance Calculator cannot calculate the insurance coverage of this Government Account. For assistance in determining who the Official Custodian is for a given public unit, contact the legal counsel for the public unit.

Step 6: Enter the name of the Public Unit or Political Subdivision that owns these funds.

Step 7: Confirm that the Public Unit meets the NCUA’s definition of a Public Unit or Political Subdivision using the radio buttons provided. If this entity does not meet the requirements of a Public Unit or Political Subdivision the Share Insurance Calculator cannot calculate the insurance coverage of this Government Account. For assistance in determining if a public unit or political subdivision meets the requirements, contact the legal counsel for the public unit.

Step 8: Enter whether the credit union is located in the same state as the Public Unit. Answer Yes if it is, and No if it is not.

Step 9: Enter the Employer Identification or Tax Number (EIN/TIN) used by this business. This is the number that the business or organization uses to file its taxes or tax-exempt forms. Social Security Numbers (SSNs) should not be entered here.

Step 10: Enter an Account Nickname. The account nickname will help you identify your accounts on the report. Examples of account nicknames include Operating Account, Payroll Account, Certificates #1. If you want to use your account number as a reference, you do not need to enter your full account number — you can just use the last four digits of the account number (e.g., Acct #2233).

Step 11: Enter a balance for this account using whole numbers. Do not use dollar signs or any other non-numeric characters.

Step 12: Select the Share Type: Share Draft/checking account, or a Share Certificate or regular share account.

For All Accounts:

When you have finished entering information on all of your accounts at one credit union, check to make sure you've included everything, and then click on the "Calculate" button. If you edit or delete an account from your report, you will need to recalculate your coverage, again using the "Calculate" button.

If you want a copy of your Share Insurance Estimator report for future reference, click on the "Print Report" button. This will generate a hard copy record of your Share Insurance Estimator report for this insured credit union.