Frequently Asked Questions
- How does the closing of an institution affect interest accruing on a deposit?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- What types of deposits are insured?
- 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.
