Changes to FDIC Deposit Insurance Limits

On July 21, 2010, the FDIC permanently raised the current standard maximum deposit insurance amount to $250,000. This includes Certificate of Deposit, Money Market and Passbook Savings accounts. The FDIC insurance limit applies per depositor, per insured depositary institution for each account ownership category. This does not apply to the Transaction Account Guarantee Program.

FDIC Transaction Account Guarantee Program

Union Federal Savings Bank is participating in the FDIC's Transaction Account Guarantee Program. Under this program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage in the Transaction Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit rules.