Depositors Insurance Fund (DIF)


Effective March 17, 2020, The Co-operative Central Bank (CCB) and its Share Insurance Fund (SIF) merged into the Depositors Insurance Fund (DIF). As a result of this merger, all co-operative banks are now members of the DIF.

This merger does not change the amount of deposit insurance coverage provided to depositors of co-operative banks. All deposits in co-operative banks continue to be insured in full. Each depositor is insured to at least $250,000 by the FDIC. Effective March 17, 2020, all deposits above the FDIC limit are now insured by the DIF. This merger will benefit depositors by creating a deposit insurance fund with greater resources to protect deposits in member banks.

The CCB and DIF have a long history of protecting deposits in member Massachusetts chartered banks. Since 1934, when the CCB and DIF insurance funds were created, no depositor has lost a cent in a member bank. For more information on this merger and the DIF, please visit the DIF’s website at or call the DIF at 781-938-1984.