Company Profile
Federal Deposit Insurance Corporation (FDIC)
Company Overview
The FDIC is an independent federal agency of the United States government. The FDIC supervises a vast majority of the country’s community banks. These institutions provide loans to farmers and small businesses, make it possible for entrepreneurs to launch start-ups, support local governments as they build libraries and parks, and foster local economies. These essential functions are the very things that help keep America running. Our mission is to maintain stability and public confidence in the nation’s financial system by: insuring deposits; examining and supervising financial institutions for safety and soundness and consumer protection; making large and complex financial institutions resolvable; and managing receiverships.
Company History
The FDIC was created on June 16, 1933, by the 1933 Banking Act to restore trust in the American banking system during the Great Depression, and to provide a Federal guarantee of customers’ deposits, within certain limits, in the event of a financial institution failure. Since the start of FDIC insurance on January 1, 1934, not one depositor has lost a cent of insured funds as a result of a failure of a financial institution. The FDIC sign - posted in insured financial institutions across the country - is a symbol of confidence.
Benefits
For a comprehensive list of benefits, please visit: https://www.fdic.gov/newemployee/resources/benefits.html