All deposits at Wakefield Co-operative Bank are insured in full.
The Federal Deposit Insurance Corporation (FDIC) insures the first $250,000 of "self-directed" retirement accounts and the first $100,000 of deposits in each other ownership category; the Share Insurance Fund of Massachusetts (SIF) of the Co-operative Central Bank insures all deposits above that amount.
NOTE: The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.
For further information regarding deposit insurance please contact:
FDIC
Division of Supervision and Consumer Protection
Attn: Deposit Insurance Outreach
550 17th Street, NW
Washington, DC 20429-9990
1-877-275-3342
SIF
The Cooperative Central Fund
Share Insurance Fund
75 Park Plaza
Boston, MA 02166-3934
617-695-0400
