IMPORTANT NOTICE

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.

Visit the NCUA's website for more information about temporary NCUA insurance coverage of transaction accounts.

At RCU, you can trust that your accounts are safe and secure. Below is some information on your insured funds.

The Emergency Economic Stabilization Act of 2008, signed into law on October 3, 2008, increased the insurance coverage on all accounts
up to $250,000

Properly established share accounts in federally insured credit unions are insured up to $250,000

If a member has more than one account in the same credit union, all funds are added together and insured up to $250,000

A member can have additional coverage on multiple accounts, but only
if the accounts have different ownership interests or rights in different types of accounts

Additional coverage is available on revocable trust or payable on
death accounts

On joint accounts, the co-owner's interest in all joint accounts in the same credit union will be added together and insured up to $250,000

Traditional and Roth IRAs are insured separately to $250,000 from other accounts that the member maintains in the same credit union

However, both Traditional and Roth IRAs are added together and insured up to $250,000

For revocable trust accounts, a member can have coverage up to $250,000 for each account that has a different beneficiary named to receive the funds

The charts below show how a typical family may use multiple ownership of accounts to increase the insurance coverage for family funds.

Family of Two*

Husband	Individual Account	$250,000
Wife	Individual Account	$250,000
Husband & Wife	Joint Tenancy Accounts	$500,000
Husband as trustee for Wife	Testamentary Revocable Trusts	$250,000
Wife as trustee for Husband	Testamentary Revocable Trusts	$250,000
Total: $1,500,000

Family of Three*

Husband	Individual Account	$250,000
Wife	Individual Account	$250,000
Child	Individual Account	$250,000
Husband & Wife	Joint Tenancy Accounts	$250,000
Husband & Child	Joint Tenancy Accounts	$250,000
Wife& Child	Joint Tenancy Accounts	$250,000
Husband as trustee for Wife	Testamentary Revocable Trusts	$250,000
Husband as trustee for Child	Testamentary Revocable Trusts	$250,000
Wife as trustee for Husband	Testamentary Revocable Trusts	$250,000
Wife as trustee for Child	Testamentary Revocable Trusts	$250,000
Total: $2,500,000

Family of Four*

Husband	Individual Account	$250,000
Wife	Individual Account	$250,000
Child 1	Individual Account	$250,000
Child 2	Individual Account	$250,000
Husband & Wife	Joint Tenancy Accounts	$250,000
Husband & Child 1	Joint Tenancy Accounts	$250,000
Wife & Child 2	Joint Tenancy Accounts	$250,000
Child 1 & Child 2	Joint Tenancy Accounts	$250,000
Husband as trustee for Wife	Testamentary Revocable Trusts	$250,000
Husband as trustee for Child 1	Testamentary Revocable Trusts	$250,000
Husband as trustee for Child 2	Testamentary Revocable Trusts	$250,000
Wife as trustee for Husband	Testamentary Revocable Trusts	$250,000
Wife as trustee for Child 1	Testamentary Revocable Trusts	$250,000
Wife as trustee for Child 2	Testamentary Revocable Trusts	$250,000
Total: $3,500,000

*Insurability of accounts and products can vary by situation. A useful tool to determine your eligibility can be found on the NCUA website, by accessing the Share Insurance estimator. Estimate your insurance.