Trust Rule Fact Sheet: Changes in NCUA Share Insurance Coverage

Effective December 1, 2026

The NCUA approved changes to its regulations governing share insurance coverage which will become effective on December 1, 2026. The amendments simplify the share insurance regulations by establishing a "trust accounts" category that governs coverage of shares of revocable trust accounts (including formal trusts, payable on death (POD), in trust for (ITF), testamentary, or Totten Trust accounts) and irrevocable trusts using a common simple calculation.

Each owner's trust shares will be insured up to $250,000 multiplied by the number of trust beneficiaries up to a maximum of $1,250,000 per federally insured credit union. The amendments will:

1. Provide members and credit union employees with a rule for trust accounts coverage that is easy to understand; and
2. Facilitate the prompt payment of share insurance claims in accordance with the Federal Credit Union Act (FCU Act).

Do the New Trust Rules Affect Me?

If the answer is yes to either or both of the following questions, the new trust rules will impact you, otherwise they do not.

1. Do you as the owner or co-owner of a share account(s) with beneficiaries (excluding IRAs) have one or more revocable trust account(s) (either an informal trust account, such as a POD, and/or a formal trust account) and an irrevocable trust account at the same federally insured credit union?
2. Do you as the owner or co-owner of a share account(s) with beneficiaries (excluding IRAs) have one or more accounts with a combined total balance of more than $1,250,000 for a single owner or $2,500,000 for two owners?

For questions about the NCUA’s share insurance coverage, call 1-800-755-1030, option 1, Monday through Friday, 8 a.m. to 5 p.m. Eastern, or send an email to DCAmail@ncua.gov. This Toolkit contains a variety of helpful resources for credit unions and members regarding Share Insurance. For additional information you can find the full rule text here.