Notice Of Changes In Temporary FDIC Insurance Coverage For Transaction Accounts

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest,  It also includes Interest on Lawyers Trust Accounts ("IOLTAs").  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Fraudulent Email

Collinsville Savings Society has become aware of a new email scam being circulated to both customers and non-customers.  It is important to note that fraudsters send these emails to a large list of random email addresses, hoping to reach a few Collinsville Savings Society customers.

The email displays an online form and states the following: "Please confirm that you are the rightful owner of this account. Please fill out and submit the form below. This information is used for verification purposes only. We apologize for any inconvenience."

It is very important to remember that we will never ask for personal information through text messages, email or by phone. We never provide a link to a website through email.

To learn more about preventing eFraud and how to stay safe online, visit www.onguardonline.gov.

Collinsville Savings Society Supports Canton Historical Museum

In a five-year commitment to the support of the Canton Historical Museum, the Collinsville Savings Society is donating $10,000.00 per year for a total of $50,000.00.

The donations will be used to help the museum obtain matching grants to aid projects in their building plans, including the addition of a Visitors Center, ADA compliant restrooms, an accessible ramp and entranceway, an elevator and climate controlled storage to help conserve endangered artifacts in the collection.

The Collinsville Savings Society is a corporate sponsor of the museum and its programs.