NCUA Notice of Changes in Temporary Insurance Coverage for Transaction Accounts
In accordance with the DoddFrank Wall Street Reform and Consumer Protection Act, through
December 31, 2012, all funds in "noninterestbearing transaction accounts'' are insured in full by
the National Credit Union Administration. This 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
The term "noninterestbearing transaction account'' includes a traditional share draft account (or
demand deposit account) on which the insured credit union pays no dividend. It does not include
any transaction account that may earn dividends, such as a negotiable order of withdrawal
("NOW'') account, moneymarket account, or Interest on Lawyers Trust Account ("OLTA''),
even if share drafts may be drawn on the account.
The temporary full insurance coverage of "noninterestbearing transaction accounts'' expires on
December 31, 2012. After December 31, 2012, funds in noninterestbearing transaction accounts
will be insured under the NCUA's general share insurance rules, subject to the Standard
Maximum Share Insurance Amount of $250,000.
For more information about NCUA insurance coverage of transaction accounts, visit