NCUA DEPOSIT INSURANCE
PROVIDING YOU WITH YOUR FAIR SHARE.
All CommunityAmerica deposit accounts are federally insured up to $250,000 through
the National Credit Union Share Insurance Fund (NCUSIF), which is an arm of the
National Credit Union Administration (NCUA). IRAs and IRA Certificates are separately
insured by NCUA up to $250,000, up to a total amount of $500,000.
CLICK HERE TO ESTIMATE YOUR SHARE
INSURANCE.
WHAT IS THE NCUA?
The NCUA is an independent agency of the U.S. Government established by Congress
to insure savings accounts and maintain sound conditions in the Credit Union system.
It's similar to FDIC insurance provided
by banks.
WHAT ACCOUNTS ARE INSURED THROUGH NCUA?
Your credit union share savings account(s), checking account(s), Certificates of
Deposit account(s) and money market account(s).
The NCUA Insurance Call Center, operating from 8:00 a.m. to 6:30 p.m. (EDT) Monday
through Friday, has insurance experts available to answer questions about the coverage
provided by NCUA share insurance. The toll-free Insurance Call Center number is
1-800-755-1030, extension 1.
The NCUA electronic tool kit, online at http://www.ncua.gov/resources/shareinsurancetoolkit.aspx, contains a
variety of useful information on share insurance coverage.
HOW MUCH ARE MY ACCOUNTS INSURED UP TO?
INDIVIDUAL DEPOSIT ACCOUNTS - accounts held by the same member
are added together and are
insured up to $250,000.
JOINT DEPOSIT ACCOUNTS - are insured separately from individual
accounts and are insured
up to $250,000.
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 a 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.
CommunityAmerica Credit Union knows you have dozens of choices on where
to put your money. There are banks on every corner, each with a reason why you should
deposit your money with them. But can any of them offer you ownership? At CommunityAmerica,
membership means ownership. Join in to see what membership can mean for you.