NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
Beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account, including an Interest on Lawyer Trust Account (“IOLTA”), will no longer receive unlimited share insurance coverage by the National Credit Union Administration (NCUA). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the NCUA up to the standard maximum deposit insurance amount ($250,000), for each share insurance ownership category. For more information about NCUA insurance coverage, please visit www.ncua.gov.
America’s Credit Unions: Secure, Strong.