Keep Your Deposits Insured

FDIC GENERAL DEPOSIT INSURANCE RULES

Our bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means that when you place deposits in our bank, they are automatically insured by the FDIC. The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. However, there are many ways to structure your accounts so that your deposits are insured for more than $250,000.

The FDIC provides separate insurance coverage for deposits you may have in different categories of legal ownership. The FDIC refers to these different categories as “ownership categories.” This means that if you have multiple accounts, they may qualify for more than $250,000 in insurance coverage if your funds are deposited in different ownership categories and the requirements for each ownership category are met. We encourage you to visit us at the bank for assistance in structuring your accounts to maximize your FDIC coverage. You can also visit the FDIC'sThese links are provided as a convenience to you. These links are controlled by third parties and ECM Libra does not endorse, approve, certify, or control third party sites. Any transactions engaged in or products purchased on these sites is at your own risk. Go Back Continue website.

Types of ownership categories:

• Single accounts are insured up to $250,000
• Joint accounts (50/50 ownership) are insured up to $500,000 ($250,000 for each individual)
• IRA deposits are insured up to $250,000 per plan depositor
• Accounts that are registered in a Living Trust are insured up to $250,000 per owner, per beneficiary

Here is an example of how you could be covered up to $1,000,000:

Deposit types include Bank Checking Accounts, Money Market Accounts, Savings Accounts, IRA Savings and CDs.

The FDIC offers various resources to help you determine how to make the most of your coverage. Click hereThese links are provided as a convenience to you. These links are controlled by third parties and ECM Libra does not endorse, approve, certify, or control third party sites. Any transactions engaged in or products purchased on these sites is at your own risk. Go Back Continue to access the FDIC's Electronic Deposit Insurance Calculator. Click hereThese links are provided as a convenience to you. These links are controlled by third parties and ECM Libra does not endorse, approve, certify, or control third party sites. Any transactions engaged in or products purchased on these sites is at your own risk. Go Back Continue to access the FDIC's tutorials to help you maximize your coverage.