The National Credit Union Administration (NCUA) provides insurance coverage of up to $250,000 for your credit union account(s). To learn more about the type of accounts and the total amounts that the NCUA may insure, click the following link that will take you directly to the NCUA: http://www.ncua.gov/DataApps/Pages/SI-Tools.aspx.
Notice of Changes in Temporary NCUA Insurance Coverage for 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, or 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.