Notice of Changes in Temporary NCUA 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 (``IOLTA''), even if share drafts may be drawn on the account.

The temporary full insurance coverage of ``non-interest bearing transaction accounts'' expires on December 31, 2012. After December 31, 2012, funds in non-interest bearing 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 http://www.ncua.gov