North Carolina’s National College Savings Program has added the NC 529 Plan, which is provided by State Employees’ Credit Union, to the investment options it offers.

Announced by the College Foundation of North Carolina April 12, the deposit account aims to provide protection of principal and earnings and is insured by the NCUA, according to the foundation. Contributions by North Carolina taxpayers made to the deposit account or any of the other 13 investment options available in the NC 529 plan may be eligible for an annual state income tax deduction.

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