Common use of Deposit Protection Clause in Contracts

Deposit Protection. Funds in your account(s) with the Credit Union are insured by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States. The amount of insurance coverage you have depends on the number of accounts you have with us that are of different "ownership." An individual account is one unique form of "ownership"; a joint account, a beneficiary/trust account, and a self-directed qualified retirement account (e.g. an ▇▇▇) are examples of some of the others. Share insurance for a person's self-directed qualified retirement account is up to

Appears in 1 contract

Sources: Membership and Account Agreement

Deposit Protection. Funds in your account(s) with the Credit Union are insured by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States. The amount of insurance coverage you have depends on the number of accounts you have with us that are of different "ownership." An individual account is one unique form of "ownership"; a joint account, business account, a beneficiary/trust account, and a self-directed self‐directed qualified retirement account (e.g. an ▇▇▇) are examples of some of the others. Share insurance for a person's self-directed qualified retirement account is up to.

Appears in 1 contract

Sources: Business Membership and Account Agreement

Deposit Protection. Funds in your account(s) with the Credit Union are insured by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States. The amount of insurance coverage you have depends on the number of accounts you have with us that are of different "ownership." An individual account is one unique form of "ownership"; a joint account, a beneficiary/trust account, and a self-directed self‐directed qualified retirement account (e.g. an ▇▇▇) are examples of some of the others. Share insurance for a person's self-directed self‐directed qualified retirement account is up to

Appears in 1 contract

Sources: Membership and Account Agreement