IBA, CBI and ICUL Issue Joint Statement on Stabili

Media Center:IBA, CBI and ICUL Issue Joint Statement on Stability of Financial Institutions During COVID-19 Pandemic

IBA, CBI and ICUL Issue Joint Statement on Stability of Financial Institutions During COVID-19 Pandemic

The Iowa Bankers Association, the Community Bankers of Iowa and the Iowa Credit Union League issued a joint statement today informing Iowans that they can continue to expect stable and uninterrupted delivery of important financial services, such as access to money and credit, throughout the duration of the novel coronavirus (COVID-19) crisis. The statement details the steps Iowa financial institutions have taken to protect the health and well-being of their employees and customers, as well as steps they have taken to help those economically impacted by COVID-19. It also touts the protection depositors receive through the federal government, with deposits at banks and credit unions being insured up to $250,000 per individual depositor. Read the statement.