Your savings is federally insured to at least $250,000 and backedby the full faith and credit of the United States Government.National Credit Union Administration, a U.S. Government Agencyfunds 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,
No comments:
Post a Comment