Community Causes - June

JUNE 2011 - (NGA) Needle Work Guild Some Children's Uniform

The American Needlepoint Guild, Inc. (ANG) is an educational, non-profit organization whose purpose is educational and clutural development through participation in and encouragement of interest in the art of needlepoint. ANG defines needlepoint as any counted or free stitchery worked by hand with a threaded needle on a readily countable ground.

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All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. The coverage includes Interest on Lawyer Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.