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About the NCUA Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United Sates Government. The Helping Families Save Their Homes Act on May 20, 2009, continued an increased level of insurance coverage on all accounts of up to $250,000. 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, 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. Click here to review the brochure from the NCUA which explains briefly about the coverage. NCUA Share Insurance Call Center, Tool Kit - Click here
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