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FDIC Deposit Insurance
Federal Deposit Insurance Corporation 
 
Congress created the Federal Deposit Insurance Corporation (FDIC) in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at more than 8,000 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations. 
 
The overwhelming majority of banks in this country are safe and sound. The chance that your own bank will be taken over by the FDIC is extremely remote. And if that does happen, you will continue to have virtually uninterrupted access to your insured deposits.  No bank depositor has ever lost a penny of insured deposits. 
 
 
The FDIC has created an easy to use tool to help determine if you are over the FDIC coverage limits.  Click on the link below to visit the FDIC’s “EDIE The Estimator”. 
 
https://www.fdic.gov/edie/index.html 
 
If you find that you are not fully insured, it may be possible to restructure your accounts to bring your deposits below the insured limits, or obtain more insurance through the innovative products that North Central Bank offers. But first get the facts from North Central Bank before making any changes in your accounts or banking relationships. 
 
Option for Insuring your Deposits over the Traditional FDIC Levels: 
 
CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SYSTEM (CDARS) 
With CDARS, you sign one agreement with North Central Bank and earn one interest rate, and receive one regular statement, and access multi-million dollar FDIC Insurance 
 
North Central Bank can offer CDARS because they are members of a special network. When you bring your money to North Central Bank, the bank uses the CDARS network to spread your money out in other participating banks.  Your money is insured over the $250,000 limit through the CDARS network and you just have to visit one bank. 
 
Although your money does leave the bank, other funds are delivered to our bank through CDARS and that money is then invested locally.  Watch the "How CDARS Works" video and see how North Central Bank can solve your problem with FDIC insurance limits. 
 
 




FDIC
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