David Mitchell’s Post

You see it with banks all the time – Member FDIC But what does FDIC stand for? What is it? And what does it do? FDIC stands for the Federal Deposit Insurance Corporation. The FDIC is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. The primary purpose of the FDIC is to prevent "run on the bank" scenarios, which devastated many banks during the Great Depression. In case of bank failure, the FDIC insures deposits up to $250,000 per depositor as long as the institution is a member firm. Meaning, if you have $200k in a savings account and $100k in a CD, you have $50k that is uninsured. #communitybank #memberfdic #fdic #financialiteracy #themoreyouknow #banklocal

Did you know that banks don't protect ALL of your hard earned dollars? 💰🔒 It's true. there are unique rules and coverage limits under FDIC insurance based on the different account types and our latest guide breaks it all down for you. Keep your money safe and secure with these essential tips 🏦💵 https://hubs.la/Q02DKSLj0 #FDIC #Deposits #FinancialSecurity

Tired of Playing Musical Chairs with Your Money? No more headaches from managing accounts at multiple banks. With ICS, you get more coverage, more interest, and less hassle—all under one roof. First Community Bank’s Insured Cash Sweep (ICS), you can stop juggling accounts at multiple banks to stay under the FDIC limit. Let’s make banking simple again. Reach out today! #SecureSavings #ICS #FirstCommunityBank #BusinessBanking #FDIC

FDIC Insured or Not? 💡 Know the Difference! At Heritage Bank NA, we’ve got your back when it comes to keeping your money safe. As an FDIC-insured bank, your deposits are protected up to $250,000, with coverage per depositor per insured bank for each account ownership category. But did you know not everything is covered? It’s important to know what’s insured and what’s not so you can make the best decisions for your finances. From checking accounts to CDs, rest easy knowing your money’s in good hands with us. Got questions? We’re here to help—ask below! Member FDIC (Federal Deposit Insurance Corporation) Source: https://lnkd.in/gSikaY2k #HeritageBankNA #FDICInsured #FinancialPeaceOfMind #BankSmart #ProtectYourMoney #TheMoreYouKnow

As we wind down the last week of #NationalHomeownershipMonth, let us leave you with a reminder about the value of FHLBank Indianapolis membership:

Helping our customers reach their financial goals is how we measure success. Come in today and let's turn your dreams into reality together! #CommunityBanking #KentuckyBanking #SmallBusiness #FinanceProfessionals

🍂 Fall into Savings with Our Special CD Offer! 🍁 As the color of the leaves start to change and we head into the fall season, now is a perfect time to maximize your savings! Harvest a great return on your deposits for 13 months with our latest CD Special. Call us today or visit any of our branches to take advantage of our latest offer! Member FDIC #FallSavings #CommunityBank #InvestInYourFuture

In light of the FDIC's proposal to reverse a four-year-old rule change, bank executives and boards must meticulously evaluate their institution’s liquidity, funding, and capital, especially if billions in deposits are considered risky. Alexandra Steinberg Barrage, a partner in Troutman Pepper’s Corporate Practice Group, provides her insights in a recent Bank Director article. #Banking #FDIC #TroutmanPepper Read more to understand the potential impacts on bank balance sheets: https://lnkd.in/etXbndZb

The Currence Reservoir is easy to set up. Connect to the financial accounts you already have and automate your spending baseline.  With the Currence…. 🔹 Make unlimited ACH Transfers  🔹 Secured with an FDIC insured Reservoir up to $3,000,000* 🔹 Connect to over 12,000 banks with Plaid Get started with Currence today – livecurrence.com. #FinancialFreedomFaster #LiveCurrence #CashFlowManagement *Disclaimer: Currence is not a bank. Banking services are provided by Thread Bank, Member FDIC. Your deposits qualify for up to a maximum of $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at Thread Bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://lnkd.in/e9hFcNvg and a list of program banks at https://lnkd.in/eHNkaSj7. Please contact customerservice@thread.bank with questions on the sweep program. There is no guarantee of accumulation and free cash flow. Non-deposit investment accounts linked to Currence are not FDIC insured.

I can not tell you enough how powerful Currence has been for families we work with. One platform connected to all your financial institutions to enhance the velocity of your cash flow in the palm of your hand.