#OnthisDay in 1934, we made our first deposit insurance claim payment of $1,250 to Lydia Lobsiger, reimbursing her life savings following the failure of Fon Du Lac State Bank in East Peoria, Illinois.
I wonder if Lydia knew that her deposit insurance claim payment would go down in history?!
Lydia Lobsiger was restored the entire amount of her modest life savings. An important transaction for Lydia and for the FDIC.
You have worked hard to get your money, and the ideal way to ensure it is well secured is by acquiring our Money Insurance policy, which provides coverage against loss of money while locked in a safe on your premises. #Moneyinsurance #BKInsurance #SafeguardingYourWealth
Founder & CEO / Certified Exit Planning Advisor at Ascend Financial Group. Associated with Commonwealth Financial Network®.
Imagine waking up to find your life savings frozen, with no idea where your money has gone. A crisis involving online-only lenders has left hundreds of millions in deposits in limbo, sparking a lack of confidence in FDIC insurance. Learn more: https://bit.ly/3xUEaIj #bankingsafety #FDICinsurance
Put your money into an account that earns 3 - 5% per year uninterrupted compounding growth, is protected from lawsuits and creditors. The Sacred Account is high early cash value dividend paying whole life insurance and where the wealthy have saved their money for decades. Learn more at https://lnkd.in/gVjdX8_u #LifeInsurance #CashValue #Savings #Money #JerryFetta #WealthDynamx
Where are you keeping your emergency savings? There is one key place it should be and here’s why. According to The Motley Fool your emergency savings should be kept in a high-yield savings account, for many reasons including reduced temptation to withdraw funds and FDIC insurance protection. Continue reading for additional insights into optimal emergency savings storage. #EmergencySavings #HYSA #FinancialWellness
Do not take the risk of moving or keeping large sums of money without a Money Insurance policy. Insure it! #moneymoneymoneymoney #money #moneyinsurance #insure #insured #insurewithus #insureyourself #insureyourmoney
Benefits Of Deposit Insurance: 1, Deposit protection ensures that depositors do not lose all of their hard-earned savings in the event of failure of a member institution. 2, Depositors will know how and when reimbursement of their deposits will be made in the event of failure of a member institution. #FinancialInclusion #FinancialLiteracy #ProtectingYourDeposits
Hey there! 🌟 Ever wondered how you can protect your family after you're gone, without breaking the bank? We've got you covered with options that honor your budget and your values. Let's break it down. Final expense insurance shouldn't be a hassle. It’s all about making sure your family won’t be burdened by funeral costs. Think simple terms, clear choices, and respect for your faith. Got questions? Ask providers about plan flexibility, payment options, and how they honor your cultural practices. And remember, a little planning goes a long way towards peace of mind. #FinalExpense #PeaceOfMind #GoldFinance #STL #314 #KCMO #KansasCity #Detroit #MotorCity #Motown #FaithfulFinances #SecureWithFaith #FamilyFirstInsurance #ChristianCoverage #BlessedProtection #HopefulFutures #CommunityCareInsurance #EmpowerThroughCoverage #FinancialStewardship #LegacyOfLove #AffordableAssurance #GodGuidedProtection #FamilyLegacyPlanning
Accounting Assistant
2wDuring my employment with FDIC in 3/2009 working in claims FDIC did the best they could to help and restore life savings of so many depositors with kindness and in a professional manner. I loved and enjoyed working for FDIC .