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AmeriServ Presents: Bank Chats - Financial Safety Net: Understanding FDIC Insurance (2 Cents Episode 6)

Financial Safety Net: Understanding FDIC Insurance (2 Cents Episode 6)

04/02/24 • 16 min

AmeriServ Presents: Bank Chats

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With a new regulation announced surrounding the FDIC logo, Drew and Jeff decided that it may be a good idea to chat about the Federal Deposit Insurance Corporation (FDIC). We often see the letters FDIC at banks, but what do those letters represent? Find out in this episode of 2 Cents.
(Article) Is the Money in My Account Safe?:
https://www.ameriserv.com/resources/learn/financial-library/master-articles/is-the-money-in-my-account-safe
AmeriServ's Website:
https://www.ameriserv.com/
Credits:
An AmeriServ Financial, Inc. Production
Music by Rattlesnake and Millo
Hosted by Drew Thomas and Jeffrey Matevish

Thanks for listening! You can find out more about AmeriServ by visiting ameriserv.com. You can also find us on Facebook, Instagram, and Twitter.
DISCLAIMER
This podcast focuses on having valuable conversations on various topics related to banking and financial health. The podcast is grounded in having open conversations with professionals and experts, with the goal of helping to take some of the mystery out of financial and related topics; as learning about financial products and services can help you make more informed financial decisions. Please keep in mind that the information contained within this podcast, and any resources available for download from our website or other resources relating to Bank Chats is not intended, and should not be understood or interpreted to be, financial advice. The host, guests, and production staff of Bank Chats expressly recommend that you seek advice from a trusted financial professional before making financial decisions. The host of Bank Chats is not an attorney, accountant, or financial advisor, and the program is simply intended as one source of information. The podcast is not a substitute for a financial professional who is aware of the facts and circumstances of your individual situation. AmeriServ Presents: Bank Chats is produced and distributed by AmeriServ Financial, Incorporated.

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With a new regulation announced surrounding the FDIC logo, Drew and Jeff decided that it may be a good idea to chat about the Federal Deposit Insurance Corporation (FDIC). We often see the letters FDIC at banks, but what do those letters represent? Find out in this episode of 2 Cents.
(Article) Is the Money in My Account Safe?:
https://www.ameriserv.com/resources/learn/financial-library/master-articles/is-the-money-in-my-account-safe
AmeriServ's Website:
https://www.ameriserv.com/
Credits:
An AmeriServ Financial, Inc. Production
Music by Rattlesnake and Millo
Hosted by Drew Thomas and Jeffrey Matevish

Thanks for listening! You can find out more about AmeriServ by visiting ameriserv.com. You can also find us on Facebook, Instagram, and Twitter.
DISCLAIMER
This podcast focuses on having valuable conversations on various topics related to banking and financial health. The podcast is grounded in having open conversations with professionals and experts, with the goal of helping to take some of the mystery out of financial and related topics; as learning about financial products and services can help you make more informed financial decisions. Please keep in mind that the information contained within this podcast, and any resources available for download from our website or other resources relating to Bank Chats is not intended, and should not be understood or interpreted to be, financial advice. The host, guests, and production staff of Bank Chats expressly recommend that you seek advice from a trusted financial professional before making financial decisions. The host of Bank Chats is not an attorney, accountant, or financial advisor, and the program is simply intended as one source of information. The podcast is not a substitute for a financial professional who is aware of the facts and circumstances of your individual situation. AmeriServ Presents: Bank Chats is produced and distributed by AmeriServ Financial, Incorporated.

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undefined - Scams, Digital Deception

Scams, Digital Deception

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In this information packed episode, Kevin Slonka and Michael Zambotti are back to talk more in depth on the topic of scams. What are some common scams to be on the look out for? What are the red flags? If you fall victim to a cyber-scam, what should you do? Learn the answers to these questions and more on this episode of Bank Chats.
Resources:
https://privacy.com
https://www.ameriserv.com/fraud
AmeriServ's Website:
https://www.ameriserv.com/
Credits:
An AmeriServ Financial, Inc. Production
Music by Rattlesnake, Millo, and Andrey Kalitkin
Hosted by Drew Thomas

Thanks for listening! You can find out more about AmeriServ by visiting ameriserv.com. You can also find us on Facebook, Instagram, and Twitter.
DISCLAIMER
This podcast focuses on having valuable conversations on various topics related to banking and financial health. The podcast is grounded in having open conversations with professionals and experts, with the goal of helping to take some of the mystery out of financial and related topics; as learning about financial products and services can help you make more informed financial decisions. Please keep in mind that the information contained within this podcast, and any resources available for download from our website or other resources relating to Bank Chats is not intended, and should not be understood or interpreted to be, financial advice. The host, guests, and production staff of Bank Chats expressly recommend that you seek advice from a trusted financial professional before making financial decisions. The host of Bank Chats is not an attorney, accountant, or financial advisor, and the program is simply intended as one source of information. The podcast is not a substitute for a financial professional who is aware of the facts and circumstances of your individual situation. AmeriServ Presents: Bank Chats is produced and distributed by AmeriServ Financial, Incorporated.

Next Episode

undefined - Risk and Reward: The Art of Investing

Risk and Reward: The Art of Investing

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Setting yourself up for financial freedom is not often an easy task. Finding a reliable and knowledgeable investment advisor, who keeps your best interests in mind, can help you reach your financial goals. Whether you pay into a 401k, an IRA, or other retirement account, your financial advisor's job is to help make your money work for you. In this episode, Drew chats with Frank Lapinsky, President & CEO of West Chester Capital Advisors, on everything investing.
WEST CHESTER CAPITAL ADVISORS DISCLAIMER
West Chester Capital Advisors, Inc. (“WCCA”) is a registered investment adviser and a wholly owned subsidiary of AmeriServ Financial Bank. Keep in mind that investing in securities involves a risk of loss that you should be prepared to bear. Over time, assets will fluctuate and be worth more or less than the initial invested amount. Depending on the investment type, differing risk levels will exist. WCCA cannot offer any guarantees or promises that a client's financial goals and objectives will be met. WCCA does not provide tax advice. Recommendations on specific investment vehicles are meant to be generic in nature. You should consult your personal financial adviser to discuss the right vehicle for you. There can be no assurance that advisory services will result in any particular result, tax, or legal consequence. WCCA does not charge fees based on a share of capital gains on, or capital appreciation of, the funds of clients, but rather on the total assets under management. This fee increases as your account value increases. See WCCA’s Form ADV disclosures to understand how fees are charged along with other important information about their services.
NOTE: West Chester Capital Advisors has since changed its name to AmeriServ Wealth Advisors.
https://www.ameriserv.com/wealth/ameriserv-wealth-advisors/about-us
AmeriServ's Website:
https://www.ameriserv.com/
Credits:
An AmeriServ Financial, Inc. Production
Music by Rattlesnake, Millo, and Andrey Kalitkin
Hosted by Drew Thomas

Thanks for listening! You can find out more about AmeriServ by visiting ameriserv.com. You can also find us on Facebook, Instagram, and Twitter.
DISCLAIMER
This podcast focuses on having valuable conversations on various topics related to banking and financial health. The podcast is grounded in having open conversations with professionals and experts, with the goal of helping to take some of the mystery out of financial and related topics; as learning about financial products and services can help you make more informed financial decisions. Please keep in mind that the information contained within this podcast, and any resources available for download from our website or other resources relating to Bank Chats is not intended, and should not be understood or interpreted to be, financial advice. The host, guests, and production staff of Bank Chats expressly recommend that you seek advice from a trusted financial professional before making financial decisions. The host of Bank Chats is not an attorney, accountant, or financial advisor, and the program is simply intended as one source of information. The podcast is not a substitute for a financial professional who is aware of the facts and circumstances of your individual situation. AmeriServ Presents: Bank Chats is produced and distributed by AmeriServ Financial, Incorporated.

AmeriServ Presents: Bank Chats - Financial Safety Net: Understanding FDIC Insurance (2 Cents Episode 6)

Transcript

Drew Thomas 0:12

Okay, so welcome to yet another episode of AmeriServ Presents: Bank Chats. I am Drew Thomas, this is a 2 Cents episode, and therefore, I have the omittable Jeff Matevish. Hey, Drew. Yeah. So, so what are we talking today?

Jeff Matevish 0:26

We are talking FDIC.

Drew Thomas 0:29

FDIC. Okay. So what's the FDIC?

Jeff Matevish 0:32

That is the Federal Deposit Insurance Corporation.

Drew Thomas 0:34

Indeed. And why are

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