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GREAT NEWS
Now you can apply for a
mortgage, home equity, auto or
personal loan ONLINE!
Click here to enter our Online
Loan Center!
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Windsor Federal
Savings is participating in the FDIC's Transaction Account
Guarantee Program. Under that program, through December 31, 2009,
all non-interest bearing transaction accounts are fully guaranteed
by the FDIC for the entire amount in the account. The guarantee
also applies to our negotiable order of withdrawal (NOW) accounts
with interest rates of 0.50% or less. 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.
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Required Minimum Distributions
Waived for 2009
On December 23, 2008, President
Bush signed into law the Worker, Retiree and Employer Recovery Act
of 2008. In addition to significant pension legislation,
this law waives the 2009 requirement that IRA owners age 70 1/2 or
older during 2009 take minimum distributions. Also,
beneficiaries of Traditional and Roth IRAs are not required to
take minimum distributions from IRAs for 2009. Similar
waiver rules may apply to employer plan participants and their
beneficiaries. If you have any questions, please contact our
Customer Service Center at (860) 688-8511 or visit any office and
speak to one of our knowledgeable Branch Managers.
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