Frequently Asked Questions
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- When is deposit insurance payable?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- Does the borrower’s obligations to the institution continue after the institution is closed?
Did You Know?
- Misconception: Mutual Funds are covered by Deposit Insurance. - Fact: Mutual funds, be they general or issued as a member’s proprietary funds, are NOT covered by deposit insurance.
