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Federally Insured Deposits Sample Clauses

Federally Insured Deposits. The National Credit Union Administration (NCUA) is an independent agency of the United States Government. NCUA regulates, charters and insures the nation’s Federal credit unions.
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Federally Insured Deposits. The National Credit Union Administration (NCUA) is an in- dependent agency of the United States Government. NCUA regulates, charters and insures the nation’s Federal credit unions. Share accounts in Federally insured credit unions are insured up to $250,000.00. Generally, if a credit union member has more than one account in the same insured credit union, those accounts are added together and are insured up to $250,000.00. There are exceptions, however. If a member has a Share Account and an Individual Retire- ment Account in the same credit union, for example, each account is insured up to $250,000.00. You may learn more about the Federal insurance available by visiting www.ncua. gov. All Federal credit unions must be insured by NCUA, and no credit union may terminate its Federal insurance without first notifying its members.
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Federally Insured Deposits. The Depository is not required to provide security for the deposit of the Pool funds to the extent deposits are insured under 12 U.S.C.A. Sections 1811-1832.
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Federally Insured Deposits. The Depository is not required to provide security for the deposit of City funds to the extent deposits are insured under 12 U.S.C.A., Sections 18l1-1835a.
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Federally Insured Deposits. The Financial Institution must be a member of the Federal Deposit Insurance Corporation (FDIC). The Depositor shall ensure that the balance in each Account does not exceed the federally insured limit by moving excess funds to a different account where the funds are insured by the FDIC, unless the Financial Institution provides additional surety, such as a collateral pledge, covering the amount of funds on deposit in excess of the federal insurance limit.
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Related to Federally Insured Deposits

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Florida Authorized Insurers All insurance shall be with insurers authorized and eligible to transact the applicable line of insurance business in the State of Florida. The Contractor shall provide Certification(s) of Insurance evidencing that all appropriate coverage is in place and showing the Department to be an additional insured.

  • BONDS AND INSURANCE 10.1 The Contractor shall provide performance and payment bonds on forms prescribed by Owner and in accordance with the requirements set forth in the UTUGCs. The penal sum of the payment and performance bonds shall be equal to the Contract Sum. 10.2 The Contractor shall not commence work under the Agreement until it has obtained all insurance coverage as required by the UTUGCs and until evidence of the required insurance has been reviewed and approved by the Owner. Owner’s review of the insurance shall not relieve nor decrease the liability of the Contractor. 10.3 In the event that the Owner does implement an Owner Controlled Insurance Program (OCIP) for this Project, the Contractor shall refer to the OCIP specification for a complete listing of coverages provided by the OCIP. Any coverages required by the UTUGCs that is not provided through the OCIP shall be provided by the Contractor.

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