This tool calculates your insurance coverage for deposits under the NCUA guidelines.
NCUA Estimator
The NCUA Estimator calculator helps you estimate the insurance coverage for your deposits at a credit union. It considers various account types including individual savings, joint savings, IRA accounts, trust accounts, and corporate accounts. Fill in the necessary fields and click “Calculate” to get the estimated insured amount.
How to Use It
- Enter the amount in each respective field: Individual Savings, Joint Savings, IRA Accounts, Trust Accounts, and Corporate Accounts.
- Click the “Calculate” button.
- The result will be displayed in the “Result” field.
How It Calculates the Results
The calculator sums up the values from individual savings, joint savings, IRA accounts, trust accounts, and corporate accounts to give a total estimated insurance amount under NCUA guidelines.
Limitations
This calculator provides an estimate based on the information you provide. It does not account for specific complexities or rules applicable to your circumstances. For precise information, please consult with an NCUA representative.
Use Cases for This Calculator
Use Case 1: Calculating the Insurance Fund Percentage
Are you curious about how much you’re contributing to the National Credit Union Administration (NCUA) insurance fund? Input your total credit union assets and let the calculator determine the percentage you contribute.
Use Case 2: Estimating Your Share Insurance Coverage
Want to know how much of your funds in the credit union are insured by the NCUA? By entering your account balances, you can quickly find out the total insured amount under the NCUA coverage.
Use Case 3: Understanding Insurance Limits for Joint Accounts
Do you have joint accounts and unsure about the insurance coverage? Provide the required details for each account holder, and the calculator will show you the combined insured amount for joint accounts.
Use Case 4: Exploring Insurance Coverage for Retirement Accounts
Planning for retirement and wondering about the NCUA insurance on your retirement accounts? Simply enter the balances in your retirement accounts to see the total coverage provided by the NCUA.
Use Case 5: Calculating Insurance for Trust Accounts
Have trust accounts and want to know how the NCUA insurance applies to them? Fill in the necessary information about the trust, and the calculator will display the insured amount under the NCUA coverage.
Use Case 6: Estimating Coverage for Revocable and Irrevocable Trusts
Confused about the insurance coverage differences between revocable and irrevocable trusts? Input the details of your trust accounts to compare the insured amounts for each type of trust with the NCUA.
Use Case 7: Calculating Insurance for Business Accounts
Running a business and want to ensure your business accounts are adequately insured by the NCUA? Enter the balances of your business accounts to determine the total insurance coverage provided by the NCUA.
Use Case 8: Estimating Coverage for Specific Accounts
Have specific types of accounts and want to know their individual insurance coverage? Input the details of each account type, and the calculator will show you the insured amount for each account separately.
Use Case 9: Understanding Coverage for Share Certificates and Money Market Accounts
Own share certificates or money market accounts and curious about their NCUA insurance coverage? Enter the balances of these accounts to see the insured amounts provided by the NCUA for each.
Use Case 10: Exploring Additional NCUA Insurance FAQs
Have more questions about NCUA insurance coverage? Check out the FAQ section in the calculator for answers to common queries regarding coverage limits, eligibility, and more to gain a comprehensive understanding of NCUA insurance.