Freedom Account for 16 & 17 year old teens
* Requires signature of parent or legal guardian with current membership. Other qualifications may apply.
|NCUA Maximum Share Insurance
NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTIONS ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit 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 deposit insurance ownership category.
For moreinformation about temporary NCUA insurance coverage of transaction accounts, visit http://www.ncua.gov.