The National Credit Union Administration (NCUA), a U.S. Government agency, federally insures all deposits in Carolina Trust. The National Credit Union Share Insurance Fund insures deposits to at least $250,000 for each account owner listed on an account. IRA deposits are insured separately up to $250,000 for each account owner listed on an account. It is one of the strongest federal deposit insurance programs in the United States. For more information, please visit http://www.ncua.gov/
Notice of Changes in Temporary NCUA Insurance Coverage for Noninterest-Bearing 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 http://www.ncua.gov/.