NCUA Insurance

Notice of changes in temporary NCUA insurance coverage for transaction accounts.
Temporary increase in share insurance for noninterest-bearing transaction accounts.

All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.  
The term "noninterest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend.  It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account. 
For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.

Please note a traditional share draft account is also known as a checking account. If you have any questions concerning this notice, ask a member service representative for assistance.


Deposit Account Insurance
Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration (NCUA), a U.S. Government Agency.

This deposit account insurance is provided free of charge to account holders and is subject to the terms and conditions set forth by the NCUA, the strongest of all federal deposit insurers in the United States.

We would be happy to answer your questions and help you explore ways to increase your NCUA coverage. Please call our Member Contact Center at 1.888.786.2791, visit any branch location or read more information online on NCUA Insurance here.

Click on the image below to see a video of Jane Bryant Quinn talk about the NCUA Share Insurance Protection available at credit unions.

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