Fact: Mutual funds, be they general or issued as a member’s proprietary funds, are NOT covered by deposit insurance.
Frequently Asked Questions
- What happens to those depositors whose accounts are subject to further examination?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- When is deposit insurance payable?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.
