NEWS: The Silicon Valley Bank and Signature Bank failures have generated a lot of questions about the share insurance funds and how members’ shares are insured.
The NCUA will host a free webinar on April 13 to help credit unions better understand share insurance. The webinar is scheduled to begin at 1 p.m. C.T. and run approximately 60 minutes.
NCUA staff from the Office of Credit Union Resources and Expansion will discuss topics including:
- Types of accounts covered by share insurance;
- What happens to share insurance coverage when credit unions merge;
- What happens to insurance of accounts if a member passes away; and
- General information about trusts.
Participants can submit questions during the presentation or in advance by email. The email’s subject line should read, “Share insurance webinar.”
Questions may be answered during the webinar or posted in a set of frequently asked questions that will appear with the event archive.