Get Social
Get Social
Are you a fan of IFS?
Hide Bar
Recent Activity
Recent Activity on Facebook
IFS on Twitter
Overheard on Twitter
No public Twitter messages.

FDIC Insurance Coverage Permanently Increased to $250,000 Per Depositor

On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until December 31, 2013. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category (see the full FDIC press release HERE).

Independent Forms Services will be stocking updated FDIC signage (wall and counter versions), as well as decals. Click HERE to download a PDF flyer.

We will also have information on how to update other signage that may feature the old or temporary FDIC logo (i.e. those with the December 2013 date or “at least $100,000”). If you have any questions, please call 815-725-0633 or email us at

More Banks Join Twitter’s Ranks

More and more Chicago area financial institutions are tweeting, but most of them differ on how to best use the microblogging site. Jacob Jegher, a senior analyst for a banking and insurance consulting firm, says “There's such huge interest by financial institutions when it comes to social media….some of the smaller banks and credit unons have moved a lot faster than some of the other larger banks.”

Click HERE to read more from the Chicago Tribune's article.

New Double Wall Insulated Porcelain Coffee Mugs With Sleeves

We here at IFS found these new double wall sleeved mugs to be a idea to replace standard coffee cups or tumblers. They look like your typical coffee shop paper mugs (i.e. Starbucks), but are made out of porcelain. The lids and protective sleeves come in a variety of different colors.

Click HERE to download a PDF with more information and pictures. Please call 815-725-0633 or email us at for pricing information, and to obtain samples.

Starbucks Cups

New Residential Loan Applications In-Stock

As we mentioned before, we have the New Residential Loan Applications, updated for the July 2010 Regulation. The item is #4-0-27 and is in stock at our warehouse. Please call 815-725-0633 for details or email us at

Updated Temporary Liquidity Guarantee Program Signage

On April 13, 2010, the FDIC adopted the interim final rule extending the Transaction Account Guarantee (TAG) component of the Temporary Liquidity Guarantee Program for six months, through December 31, 2010.

This sign notifies your customers that you participate in the transaction component of the Temporary Liquidity Guarantee Program (press release).

Beginning December 19, 2008, every insured depository institution that offers non-interest bearing transaction accounts must post a prominent notice in the lobby of its main office and each branch, and, if it offers Internet services, on its website, clearly indicating whether or not the institution is participating in the transaction account guarantee program.

Sign reads: Our institution has elected to participate in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

Size: 6″w x 9″h. Available in wall & counter units in black only. Counter model shown above. Available in custom colors upon request. Call 815-725-0633 for details or email us at

Requirements For Overdraft Services (Federal Reserve, Regulation E, Sec. 205.17)

There are new requirements from the Federal Reserve regarding Overdraft Protection on ATM withdrawals and Debit Card purchases. As of July 1st, 2010, you will need to have a signed opt-in/out form from your customers to continue their overdraft protection on those types of transactions. For more information, please visit this website.

IFS can help you put together a mailing to notify your customers of this important change. Other solutions are available as well. Go to the link below and scroll to “Federal Register notice, Regulation E” to view model forms and samples:

Please contact your account representative at 815-725-0633, or, to ensure you are in compliance with this new requirement.

CUNA Selects Panini as Exclusive Check Scanner Provider for Credit Unions

On November 10th, 2009,CUNA Strategic Services (CSS) announced that Panini would become the exclusive check scanner provider for credit unions. Independent Forms Services is an authorized distributor of Waffletechnology Check Scanner Cleaning Cards for the Panini X, My Visions X and i:Deal check scanners. These cleaning cards are approved by Panini to be the manufacturer's recommended cleaning product for their check scanners.

IFS also stocks many other check scanner cleaning cards for Canon, Epson and other manufacturers as well.

Click HERE to view the CUNA's announcement.

DOWNLOAD our current flyer on the Panini check scanner cleaning cards, or for more information, email or call 815-725-0633.

New RESPA Requirements for 2010

Beginning in January 2010, there will be new rules that will require new forms and explanation booklets. We will have the new items available. The Residential Loan Application, Good Faith Estimate of Settlement Costs and the Explanation of Settlement Costs Booklet can be ordered by contacting your sales representative at 815-725-0633 or

Funds Availability Policy – 2nd Business Day Signage

In accordance with Federal Regulation CC, here are two signs that inform your customer of the policy regarding their rights to draw funds against deposits they have made to any transaction account at your institution. The Funds Availability Policy sign reads:

“Our general policy is to allow you to withdraw funds deposited in your account on the second business day after the day we receive your deposit. Funds from electronic direct deposits will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the second business day. Then, the funds will generally be available by the fifth business day after the day of the deposit.”

Funds Availability Policy Signage

You can also contact your IFS sales representative for more information at 815-725-0633, or

IFS 2010 Desk Calendar Refills

It's time to think about your calendar refills. Please note that the Heinz Time Teller is no longer available. It has been replaced by the Burkhardts Day Counter. Call, fax or email your orders soon to ensure that you will have them before it is too late.

2010 Desk Calendar Refills