Your savings at CPM Federal Credit Union are federally insured to at least $250,000 by the U.S. Government through the National Credit Union Share Insurance Fund (NCUSIF), a subsidiary of the National Credit Union Administration (NCUA), and backed by the full faith and credit of the United States Government.
NCUA NON-INTEREST BEARING TRANSACTION ACCOUNT DISCLOSURE
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 UnionAdministration 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.
CPM Federal Credit Union is an equal opportunity lender.
By clicking "Continue to Website" below you are acknowledging that you understand the above information, and that you do not hold CPM Federal responsible for any information located on third party websites.