NCUA Notice of Disclosure

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 "non-interest-bearing 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 insurance rules.

The term "non-interest-bearing 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, money market 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