All funds in a “noninterest-bearing transaction account” are insured in full by the National Credit Union Administration to at least $250,000 available to members under the NCUA’s general insurance rules.

The term “noninterest-bearing transaction account” includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend.  It does not unclude any transaction account that may earn interest or dividends, a negotiable order of withdrawl (“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.