On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part extended the current raised FDIC insurance standard of $250,000 until December 31, 2013. The FDIC insures deposits at the nation’s banks and other savings institutions to help promote safety and soundness of such institutions. What does this mean for your association? If you have CD’s above $100,000 (prior insurance maximum), but under $250,000, you will no longer have to worry about losing coverage on those CD’s maturing beyond 2013. For more information on deposit insurance, visit the FDIC website.