September 15, 2017: Through collaboration between the DIC and the local chapter of Habitat for Humanity, the walkway around this two-bedroom house was completed. This collaborative effort is in keeping with the DIC’s corporate aspiration of positively impacting the lives of citizens across the country.
Frequently Asked Questions
- What is the current insured limit?
- Can a depositor leave his/her deposit with the transferee institution?
- If two or more persons, for example a husband and wife, have, in addition to the individually owned accounts of each, a valid joint account in the same insured institution, is each account separately insured?
- What types of deposits are insured?
Did You Know?
- Misconception: Depositors of a failed member institution would receive payment immediately upon closure of the failed member. - Fact: The legislation governing the operations of the Deposit Insurance system provides for payout to commence within 3 months of the closure of a member institution.