TIME CERTIFICATES OF DEPOSIT |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||
Deposits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
TIME CERTIFICATES OF DEPOSIT | TIME CERTIFICATES OF DEPOSIT Time certificates of deposit in denominations of $250,000 or more were approximately $231.0 million and $51.4 million at September 30, 2020, and 2019, respectively. At September 30, 2020, the scheduled maturities of time certificates of deposit were as follows for the fiscal years ending:
(1) As of September 30, 2020, the Company had $253.9 million of certificates of deposit which were recorded in wholesale deposits on the Consolidated Statements of Financial Condition. Under the Dodd-Frank Act, IRA and non-IRA deposit accounts are permanently insured up to $250,000 by the DIF under management of the FDIC.
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