Credit Union Safety and Soundness: Share Insurance Information

With the failure of IndyMac Bank (http://www.msnbc.msn.com/id/25644988) and the subsequent run on it by its customers, your CU may receive calls and visits from members concerned about their credit union accounts.

Here are a few suggestions:

1. Review the structuring (not CTR structuring!) of accounts with your staff. See NCUA’s Share Insurance Estimator at http://webapps.ncua.gov/Ins/.

2. Provide NCUA brochures for your members to read or take with them and direct them to NCUA’s Share Insurance Estimator (http://webapps.ncua.gov/Ins/). Brochures can be downloaded and printed at http://ncua.gov/Publications/brochures/insured_funds/funds.pdf

3. Review your uninsured accounts and contact members to re-structure these accounts.

4. Emphasize the soundness of your credit union.