Medium PriorityTaxes Budgetopen
FDIC Insurance Limits on Land Bank Deposits
Summary
Land Bank cash isn't covered by the public deposit insurance fund, so balances over $250,000 per bank are at risk. The board moved to shift Fight Blight money and excess cash into German American accounts and CDs.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 15, 2026.
Impact analysis
💰Financial impact
Roughly $711,000 sat over the insured limit at Indiana Members Credit Union before the transfers.
✅Who benefits
Taxpayers — the Land Bank's funds stay protected.
Mentions & discussions (1)
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