SPRINGFIELD, Sick., March 19, 2020 /PRNewswire/ — The Illinois Bankers Affiliation, Neighborhood Bankers Affiliation of Illinois, and Illinois Credit score Union League collectively signify your Illinois depository establishments, together with business banks, thrift establishments, and credit score unions.
Our business, and our commerce teams, perceive the significance of secure and uninterrupted supply of essential monetary providers, comparable to entry to cash and credit score, throughout this time of disaster.
Depository establishments all through Illinois stay open for enterprise, and they’re going to proceed to be accessible to fulfill your monetary wants. State and federal rules require monetary establishments to be ready for conditions like pandemics, with examined and confirmed enterprise continuity plans and procedures that guarantee they proceed to serve our communities by means of troublesome instances.
The well-being of small companies and customers in our native communities are prime of thoughts for our monetary professionals throughout Illinois. Our business stands prepared and ready all through the state to help our clients by means of the monetary hardships they could encounter within the coming weeks.
We wish you to know that our workers’ and clients’ security are paramount. When you could discover slight adjustments at your native financial institution, thrift, or credit score union department, comparable to drive-through solely entry, restricted hours, or the necessity to schedule an appointment, relaxation assured that your Illinois monetary establishments will proceed working to offer uninterrupted providers to fulfill your monetary wants. And please keep in mind, many monetary establishments now provide strong remote-access applied sciences, together with cell banking, phone banking, and ATMs.
Our retail security measures are designed to guard the well being of our workers and clients, whereas offering steady entry to your monetary sources. And know that even in unsure financial instances like now, all state and federally chartered depository establishments preserve ample deposit insurance coverage overlaying at the least $250,000 per particular person to make sure the safety of your funds in any respect our establishments.
Opening new and increasing current sources of credit score for small companies and customers are equally excessive priorities. We’re in fixed contact with federal, state and native officers to strategize on how greatest to coordinate accessible private and non-private monetary sources, and we’re exploring all attainable choices for increasing entry to credit score, along with our regulators and different authorities businesses. Clients ought to look ahead to service bulletins from their monetary establishment — and monitor their establishment’s web site — for updates.
“Illinois banks and credit score unions stay robust, resilient and keen to step as much as meet the wants of Illinois residents throughout this troublesome time. We proceed to be in fixed communication with our monetary establishments to work on methods to greatest assist Illinoisans throughout this time.”
— Deborah Hagan, Secretary, Illinois Division of Monetary and Skilled Regulation
“Illinois banks and thrifts stay robust and stand prepared to assist their communities any method they’ll. We’re pleased with the various steps our banking business has been taking and can proceed to take to guard the bodily and monetary welfare of Illinois residents.”
— Linda Koch, President and CEO, Illinois Bankers Affiliation.
“Neighborhood bankers frequently help clients who’re going through unexpected financial hardships. Whether or not it is a pandemic, layoff, strike or different surprising private financial emergencies, group bankers will at all times work with clients, be they people, small companies, farmers or native governments, to search out methods to climate the storm collectively.”
— Kraig Lounsberry, President, Neighborhood Bankers Affiliation of Illinois.
“Illinois credit score unions stand prepared to help our members and the communities we serve throughout this unprecedented time. As trusted monetary companions, credit score unions stay dedicated to providing distinctive options to make sure the monetary well-being of all Illinoisans by means of this era of uncertainty.”
— Tom Kane, President and CEO, Illinois Credit score Union League.
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SOURCE Illinois Bankers Affiliation