Cory worries that his $7,537 in a checking account at the Lottadoe National Bank could be lost if the bank fails. Lottadoe is a FDIC (Federal Deposit Insurance Corporation) member bank, which insures Cory's account up to $250,000.

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FDIC (Federal Deposit Insurance Corporation) insures up to $250,000 in deposits for each depositor at a member bank, so Cory's $7,537 is well within the insured limit.

Cory Worries That His $7,537 in a Checking Account at the Lottadoe