Frequently Asked Questions

Membership Benefits

What is in it for me if I decide to become a member of the AFDICA?

Answer:  The answer to this question is not the same for everyone. For some, the opportunity to reconnect with former FDIC colleagues that you’ve worked with is the most important and for others, it may be to network and establish communications with people who may be helpful to you in your career. The basic principles of Fellowship, Education and Charity should provide everyone with something they will cherish and enjoy.  Click to see the "Value of Membership"  or view the tab on our home page

I belong to a club that as a dues paying member in good standing, enables me to obtain discounts on auto insurance, at restaurants and on travel. If I decide to join AFDICA, are any of these types of benefits available to me?

Answer:  With the exception of The Partnership Federal Credit Union these types are benefits are not available to AFDICA members at this time. The Partnership Federal Credit Union which has served FDIC employees for 80 years has opened its membership to all AFDICA members and offers special initial bonuses.

The AFDICA organizational team has been focused on formally setting up this organization through formalizing the By-Laws, Articles of Incorporation and establishment of the interim Board of Directors. Additional time and energy has been devoted to building our website and initiating alumni gatherings throughout the country. The work of exploring future benefits as you have mentioned for the AFDICA membership (while still being able to retain its non-profit status) will be debated by its future elected leaders in 2017 and beyond.

Will I be able to purchase t-shirts, hats, lapel pins or other AFDICA Logo items for my use?

Answer:  Yes. We have established vendor sources who will be able to produce and mail top quality AFDICA logo products for the membership at a negotiated fee structure.

Lifetime membership Incentives:  If I decide to become a “Lifetime Member” and pay my $500 membership fee as opposed to a one, two or three year membership fee which costs much less, do you provide me with any incentives?

Answer:  Yes. We encourage all those who would like to be a member of AFDICA to become a Lifetime member. If annual membership fees rise in the future, your initial lifetime membership fee of $500 will protect you against those price increases. In addition, anyone becoming a Lifetime member will receive an AFDICA logo item free of charge.

Membership 

I was employed by the Resolution Trust Corporation (RTC) for only 3 months but did not transfer to the FDIC when the agency sunset on December 31, 1995. I took another position in private industry and did not move to an FDIC office effective January 1996 as many of my former colleagues did. Am I eligible to join AFDICA?

Answer:  Yes.  As a former RTC employee, for all intents and purposes, you were an FDIC employee and therefore you are eligible to become a member of AFDICA. Regardless of your length of employment at the RTC; one day, three months or 6 years, if your wages were paid by the RTC and not a contractor working for the RTC, you are eligible to join.

In 1989, the Federal Savings & Loan Insurance Corporation (FSLIC) was legislatively abolished and the Resolution Trust Corporation (RTC) and Office of Thrift Supervision (OTS) agencies were established. Many of our examiners immediately went to work for the Office of Thrift Supervision (OTS) while other FSLIC employees who worked in accounting and receivership management went to work for the FDIC’s Division of Liquidation for a short period of time. I received a W-2 from the FDIC for my work in November and December 1989 but following FSLIC’s demise, I did not go to work for the Resolution Trust Corporation (RTC). Am I allowed to join AFDICA?

Answer:  Yes.  Any person at the FSLIC who derived a paycheck from the FDIC meets the eligibility requirements. If you were a FSLIC examiner (or held any other position), did not immediately transfer to the OTS or RTC and received a W-2 form for wages paid to you by the FDIC, even for a short period of time, you are eligible to join AFDICA. 

My spouse and I both worked at the FDIC for several years and are now retired. Can I join, pay my dues and bring my spouse with me to AFDICA sponsored functions or should we both join and each pay our dues?

Answer:  If you decide to pay your membership dues and become a member, you may bring your spouse to any function that you chose. However, only dues paying members have the right to vote annually for the Board of Directors and to be counted for purposes of determining the presence of a quorum. In order for you and your spouse to enjoy all of the benefits that membership will offer, we strongly encourage both of you to join.

Are there plans to hold a semi-annual or annual meeting that members can attend?

Answer:  Our By-Laws call for an annual meeting for purposes of electing a Board of Directors. Our first two annual meetings were held in October at Virginia Square and in Dallas respectively.  Our 2019 Annual Meeting will be held in Virginia Square on Monday, October 28, 2019. 

Can you tell me what the membership fee structure will be? If I decide to join but need to resign before my membership is up, do I get my money back?

Answer:  The AFDICA Membership fees are as follows:

1 Year - $50         2 Years - $95        3 Years - $130          Lifetime - $500

The AFDICA dues once paid, are non-refundable. You will be prompted by e-mail near the anniversary date of your joining to pay your membership dues again.  For those who chose to pay a lifetime membership fee, you will never again be billed for membership. The AFDICA will also encourage charitable donations throughout the year to support our various nonprofit causes. click here to   Join Now

Contractor that worked for FDIC  I worked for a Contractor in Washington DC that has done business with the FDIC for many years.  Each day, I worked directly with FDIC employees and trained many of them to perform their jobs. Can I become a member of AFDICA?

Answer:  No……since your wages were paid to you directly by your employer and you were never an FDIC employee, our By-Laws do not allow for anyone other than those previously employed by FDIC and RTC to join AFDICA.

Current FDIC employees I am a current employee of the FDIC but have attended a pre-retirement seminar and have announced my intention to retire in the next 60 days. Can I join the AFDICA now or must I wait until I formally retire?

Answer:  You are eligible to join AFDICA only after you have retired from the FDIC.   

AFDICA Organizational Structure

AFDICA organizational structure  Can you explain the organizational structure of the AFDICA?

Answer:  The Officers of AFDICA consist of a President, Vice-President – Membership, Vice-President – Education, Vice-President – Charitable Services, Secretary, Treasurer and Executive Director.  Officers and Board Members serve three year terms with approximately 1/3 of the positions expiring each year.   ADFICA leadership

Running for a position of the Board  If I decide to run for the AFDICA Board, what are the requirements?

Answer:  Any alumni member in good standing is eligible to become a Board Member, regardless of the length of FDIC and/or RTC service or grade level held.

Are Board members paid?  Do Officers and Board Members for AFDICA receive a salary?

Answer:  No.

AFDICA Chapters

AFDICA chapters  Has the Board discussed the possibility of forming AFDICA Chapters in various cities around the country? If so, what are the plans?

Answer:  The AFDICA By-Laws provide that the Board may establish criteria and procedures for the formation, operation and termination of Chapters of the Association. The Membership Application that will be filled out by each new AFDICA member, will give us city, state and zip code information. This will allow us to determine where our alumni reside. With this information, we will be able to see geographic areas of alumni concentration. The current Board will be studying the feasibility of formal local "chapters".

 Social and Charitable Activities

Who do I contact to volunteer?  If I want to volunteer to help plan and organize social events and activities in my city for FDIC alumni, who do I contact?

Answer:  On the AFDICA Homepage, you will see a “Contact Us” link that will give you an e-mail address for the webmaster. Please send an e-mail and someone will be back in contact with you. We welcome everyone who has time to assist us to let us know. 

Committees and becoming involved   How many and what types of committees does the Board plan to form and how might I apply to be a committee member?

Answer:  The By-Laws allow for the Board to direct the formation of one or more committees that will provide advice and assistance to the Board.  The Board has formed committees for various projects including the Charitable Action Committee, the Membership Committee who will grow our organization, the Social Events Committee to organize local or regional activities, the Audit Committee to insure the financial integrity of our operations, an Educational Services Committee, Community Services Committee, Nominations Committee, Scholarship Committee, Annual Meeting Planning Committee and Communications Committee. Volunteers are desperately needed to lead, support and manage the multiple projects we will have, including supporting the MoneySmart program. 

FDIC Involvement in AFDICA

Does FDIC have a role in AFDICA?  What will be the FDIC’s role in the management of AFDICA?

Answer:  The FDIC was very helpful to the AFDICA Organizing team by encouraging us to move forward with setting up the non-profit corporation and reviewing and providing commentary on our By-Laws. However, the FDIC will not have any role whatsoever in management of the AFDICA, including our annual elections of Officer’s & Directors. They have agreed to provide speakers at our conferences when possible, to have FDIC sponsored Alumni days, allow the AFDICA to distribute informational literature to retiring employees and will play a pre-recorded video about the alumni association for use at the FDIC pre-retirement seminars.  

Sharing member information with FDIC  Does the AFDICA have an agreement with the FDIC to share my name and contact information?

Answer:  No. The AFDICA will never provide your personal contact information to the FDIC if you do not want us to.

Does the FDIC plan to ask AFDICA alumni if they want to return to work for the FDIC like they did during the financial crises of 2008 to 2011?

Answer:  No. However, one of the Membership Application questions asks if you would be interested in returning to work if the FDIC had a need for someone with your expertise. This is merely for emergency preparedness if another financial crises did occur. The AFDICA will let the FDIC know the number of people that responded favorably to this question if asked. and members will have the opportunity to revisit their answer to this question and review their personal data on an annual basis.

 Education and Charity

Charity and educational activities I see that the three basic principles of AFDICA include Fellowship, Charity and Education.  Can you please explain how AFDICA will be involved in "Charity & Education"?

Answer:  We believe that as the organization grows in membership and in strength, our ability to do great work for the benefit of those less fortunate will have a meaningful impact upon those in the cities and states where we reside. The AFDICA Board is committed to helping our membership by assisting in fundraising efforts for charitable causes and to be the catalyst for meaningful and positive change by mobilizing our forces to benefit a host of worthy causes. There is no doubt that one of the most important tasks we can undertake as an organization is making our communities stronger, safer and better by supporting charitable grass roots efforts all around our country, led by our membership. 

Regarding the Educational component of our three principles, the AFDICA believes that its alumni members can be helpful in teaching the FDIC's MoneySmart financial literacy program by expanding that program in our communities and helping to identify regional organizations that may benefit from this curriculum.  The Board has also discussed the desire to have a scholarship program to aid worthy individuals through a direct monetary award for educational expenses.

Teaching FDIC's MoneySmart program  I have heard about the FDIC’s MoneySmart program but have never attended a training class nor received certification to teach this program. Will the AFDICA help me to better understand the program and how I may teach it in my community?

Answer:  Yes.

Tax Status of AFDICA

Are payments tax deductible  Would charitable contributions that I may make to AFDICA and my membership fees be tax-deductible?

Answer:  AFDICA is a tax-exempt charitable 501(c) (3) organization. Therefore, your charitable contributions of money or property to AFDICA would be tax-deductible to the extent provided by law. Membership fees may be deductible only to the extent the amount you paid is more than the value of the benefits you receive from AFDICA. 

Policy Statement of Diversity 

Diversity and inclusion policy  Does the AFDICA have a policy on diversity and inclusion?

Answer:  The founders of the AFDICA have continuously advocated that every member is to be respected and appreciated for their differences in ethnicity, gender, age, national origin, disability, sexual orientation, education, and religion.  It is our hope that every member feels they have the ability and right to participate in any AFDICA leadership positions, organizational committees, or social/charitable functions.  It will be important for all of our members to create an alumni organization culture where everyone feels welcomed and needed.

Association Expenditures

Can you tell me how AFDICA will utilize its revenue from new membership dues and what the projected costs to the Association will be annually?

Answer: In terms of “fixed costs” to AFDICA, we calculate that the operational expenses will be approximately $18,000. Our projected annual expenses include:

MemberClicks (Web Host Provider)
AFDICA Promotional Logo Items
State & Federal Tax Preparation
Annual Audit Fee
Bank Service Fees
D & O Insurance
Marketing Material for Retirement Seminars
Miscellaneous Annual Conference Costs
Postage, Post Office Box, Envelopes, Stationary, misc. supplies

We may solicit our membership, from time to time, for tax deductible donations regarding Board sanctioned charitable activities.

Web Site Security

Is the AFDICA website secure?

Answer:  Our website communications are encrypted employing industry best practices called secure socket layer.  In addition our credit card transaction processor is fully PCI level 1 compliant.

Secure Sockets Layer (SSL) is a standard security technology for establishing an encrypted link between a server and a client—typically a web server (website) and your web browser.  This allows sensitive information such as credit card numbers, social security numbers, and login credentials to be transmitted securely. Depending on your browser settings you will see a green closed lock and or https:// in the web page address to indicate that they are secure.  Normally, data sent between browsers and web servers is sent in plain text—leaving you vulnerable to eavesdropping.  If an attacker is able to intercept all data being sent between a browser and a web server, they can see and use that information.

Our credit card processor is certified at the highest level of the Payment Card Industry standards, level  1. 

 


last updated 5/3/2017 AFDICA                                                                                                               [email protected]