Product Description
Excess share insurance is ($25,000-$25,000,000) of supplemental deposit insurance that enables financial institutions to increase their account coverage from $100,000 per member to ($35,000-$25,100,000) of combined federal and private insurance.
Joint, retirement and certain other account relationships are insured separately and are subject to other federal guidelines, and also qualify for this supplemental coverage.
For financial institutions, this value-added program brings a new, low-cost service to its members; for the members, the coverage adds security for those individuals using their financial institution as their full-service financial resource.
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