All creditors rank equally in terms of voting rights.
Frequently Asked Questions
- Does the borrower’s obligations to the institution continue after the institution is closed?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- What is the current insured limit?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
Did You Know?
- Misconception: Placing funds in any instrument offered by a member institution would be covered by the DIC - Fact: ONLY Savings Accounts (including interest), Current Accounts (including interest) and Fixed Deposit Accounts (including interest), inclusive of any outstanding balances due (uncleared deposits) to these accounts, are considered for deposit insurance coverage.
