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NCUA insures all types of accounts including share accounts, share draft accounts, money market share accounts, and share certificates (CDs). 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 E-Calculator should not be used for investment products that are not shares. If the accounts entered into E-Calculator are not shares in an NCUA-insured credit union, the coverage information provided in the E-Calculator report does not apply.

E-Calculator 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 and business accounts. It can process account groups from a single credit union of up to 50 accounts.

E-Calculator cannot calculate the insurance coverage of revocable trusts when the beneficiaries do not receive equal amounts or when each owner's share of trust shares exceeds $1,250,000. E-Calculator also cannot calculate coverage for irrevocable trusts, employee benefit plans or government accounts. 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 "?" 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 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, CD#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. 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 deposit insurance report.

Step 7: Respond to the question "Is the owner living?" for each owner entered using the radio buttons provided.

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 deposit 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 whether the account is a sole proprietorship using the radio buttons provided. If this account is owned by a business that is not a corporation, partnership or unincorporated association, respond "Yes" to this question. (Sole proprietorship shares are insured as the personal accounts of the business owner, so you will be redirected to the Personal Accounts screen if you answer "Yes" to this question.) If this account is owned by a corporation, partnership or unincorporated association, respond "No" to this question.

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 Number (EIN) 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, CD#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 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 E-Calculator report for future reference, click on the "Print Report" button. This will generate a hard copy record of your E-Calculator report for this insured credit union.