Resources For Today’s Banking Questions
The mission of the Nebraska Department of Banking and Finance (NDBF) is to “protect and maintain the public confidence through the fair, efficient, and experienced supervision of the state-regulated financial services industries.” NDBF is actively working to stay informed of national events and their impact on Nebraska.
Nebraska banks and credit unions are well capitalized and have strong reserves. Bank depositors are protected by the Federal Deposit Insurance Corporation (FDIC) insurance fund. This FDIC fund is supported by all banks. Credit union share accounts are protected by the National Credit Union Share Insurance Fund (NCUSIF) administered by the National Credit Union Administration (NCUA). These funds exist precisely for situations such as this.
NDBF has put together a list of links to help answer consumer questions. Please follow these helpful links to get more information on how you can stay informed and protected.
FDIC’s Electronic Deposit Insurance Estimator (EDIE)
EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's specific group of deposit accounts — what's insured and what portion (if any) exceeds coverage limits at that bank. Visit FDIC: Electronic Deposit Insurance Estimator (EDIE) for more information.
- Listing of FDIC Insured Banks: BankFind Suite: Find Institutions by Name & Location (fdic.gov)
- Listing of FDIC Account Ownership Categories: Account Ownership Categories (fdic.gov)
NCUA’s Share Insurance Estimator
The NCUA’s Share Insurance Estimator lets consumers, credit unions, and their members know how its share insurance rules apply to member share accounts — what's insured and what portion (if any) exceeds coverage limits. Visit
Insurance Estimator | MyCreditUnion.gov.
- Listing of NCUA Insured Credit Unions: Credit Union Locator & Research a Credit Union | NCUA
Federal Reserve Board’s Bank Term Funding Program
To support American businesses and households, the Federal Reserve Board announced it will make available additional funding to eligible depository institutions to help assure banks can meet the needs of all their depositors. To find out more information about this Bank Term Funding Program, visit https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm
Be Alert!
Fraudsters and impersonators will take advantage of the current banking situation. Protect yourself against impersonators pretending to be the FDIC or NCUA.
- Government impersonator fraud: FDIC: FDIC Consumer News Scammers Pretending to be the FDIC
- Mail Fraud: https://www.uspis.gov/tips-prevention/financial-fraud
- The NDBF investigates complaints against financial entities, which are regulated by the Department under the laws of the State of Nebraska. To file a complaint with the NDBF, visit https://ndbf.nebraska.gov/consumers/complaints.
To find out more about the FDIC actions in the most recent out of state closings, visit https://www.fdic.gov/news/press-releases/2023/pr23019.html
