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NC 529
The North Carolina 529 Plan is now offering an SECU deposit account as one of its 14 investment options. The new option is called the Federally-Insured Deposit Account and it is available to members and non-members. Investments in the Federally-Insured Deposit Account are fully insured by NCUA as deposits of a public unit, the North Carolina State Education Assistance Authority.

The North Carolina 529 Plan provides a great way to save for college. Like a Coverdell Education Savings Account, it offers tax-deferred growth and tax-free withdrawals of earnings when the funds are used for qualified higher education expenses. Unlike the Coverdell, it currently also offers an annual state tax deduction to North Carolina residents on contributions of up to $2,500 ($5,000 for joint filers). Get more details about the investment objectives, risks, charges, expenses and other important information on the NC 529 Plan online at www.CFNC.org/NC529. Then stop by your local branch and get started today.

It is never too early to start saving for college and now there is an easy, tax-free way to do it!