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NOTICE OF CHANGES IN TEMPORARY NCUA
INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary 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 "noninterest-bearing transaction account" includes traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account.
For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov
This link has been provided for informational purposes only and should not be considered to be endorsed by the Credit Union. Please be aware that when linking to this site, you are leaving the Credit Union Website. The Credit Union's Privacy Policies do not apply to linked websites. You should consult the privacy disclosures on that site for further information. The Credit Union does not represent either you or the third party if the two of you enter into a transaction. The Buffalo Community Federal Credit Union does not provide, and is not responsible for, the product, service, or overall website content available at a third party site.
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