Rates and Terms

Good old "Plan B." It's nice to have something to fall back on when things don't go the way you plan. But when it comes to building a financial cushion for retirement, or saving for college or a down payment for a new house, setbacks can be costly. Safeguarding your hard-earned money is critical.

That's why First Nebraska Educators Credit Union has federal share insurance, administered by an independent government agency, the National Credit Union Administration (NCUA). The National Credit Union Share Insurance Fund (NCUSIF) protects aggregate savings to at least $250,000 in your Money Market Account, Vacation Club, Christmas Club, regular share savings, certificates, and share draft/checking accounts. Individual Retirement Accounts (IRAs), and Keogh accounts are insured separately up to an additional $250,000 per individual account.

Something else about share insurance: It separately insures individual and joint accounts. For example, say you have an individual account containing $250,000, and a joint account with your spouse containing $250,000. Each account is insured separately for a total coverage of $500,000.

So how do you know we're federally insured? All federally insured credit unions-like us-must post the official NCUA insurance sign in their offices. While all federal credit unions and many state-chartered credit unions provide NCUSIF coverage, some state-chartered credit unions offer account protection through private insurance or guaranty corporations.

As do other NCUSIF-insured credit unions, we abide by highest standards of safety and soundness. Because of that, NCUSIF is a strong, well-capitalized fund. So bring your savings to us: You can count on First Nebraska Educators Credit Union to take good care of it.

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 NCUAs 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.