Are faxes as good as originals for making changes or withdrawals?
Yes, faxes are fine as long as the signature matches the authorized signature that we have on file. Grace period on certificates maturing? 10 days How often do the rates change? The Loan Fund Board reviews the rates at each meeting. It is possible that the rates could change two to four times throughout the year, but the Loan Fund Board hopes to keep the rates as consistent as possible. The Fed is raising the interest rates so we thought that you would be raising your LF certificate rates. Our deposit interest rates are established by our Board of Directors when they meet every other month. At each meeting the Board reviews rates offered by a list of other financial institutions. It is our goal to offer rates higher than most other financial institutions. However, there is no attempt to have changes in our rates track changes in the Federal Discount Rate (which is the rate we read about changing). Is the Loan Fund insured? No, it is not insured. We are approved by the Indiana Securitie
