With all the recent media speculation about the banking industry, we want our customers to know that your deposits are safe at Milford Federal Savings and Loan Association. Milford Federal has been a trusted name in banking since 1887 and continues to provide stable financial products and services to the community.

Customer deposits at Milford Federal are insured by the Federal Deposit Insurance Corp (FDIC). On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. Depending on your accounts and their ownership status, the FDIC may provide additional insurance. To learn more about how your deposits are insured, click here to be directed to the FDIC’s Electronic Deposit Insurance Estimator, or EDIE.

http://www.fdic.gov/consumers/index.html

http://www.fdic.gov/edie/

Read an information sheet on the increased coverage.

http://www.fdic.gov/anniversary/simplification_document.pdf