As we start a new year, we have been reviewing various posts from 2009 and wanted to provide some follow-up information regarding Share Insurance. Back in April 2009, we told you about the Emergency Economic Stabilization Act of 2008 that temporarily increased the deposit insurance from $100,000 to $250,000; this increase was due to expire at the end of December 2009. We encouraged you to contact your Representative to ask that the increased insurance be made permanent.
While the increase has not yet been made permanent, the Helping Families Save Their Homes Act that was signed into law in mid-2009 has extended the increased level of coverage through December 2013.
Insight is pleased about this extension as it provides added security to our members. If you have any questions about share insurance and how your accounts are protected, please contact your Money Coach by stopping by any branch location or calling 407.426.6000 or toll-free 888.843.8328.
Comments