American Share Insurance
Your credit union is pleased to provide each of your depository accounts with $250,000 of protection through American Share Insurance (ASI), the nation’s largest private insurer of credit union savings.
Additionally, the board of directors of your credit union has chosen to acquire ASI’s excess share insurance coverage for account balances exceeding $250,000. This extended level of protection provides an additional $250,000, meaning that each reported account in this credit union is protected up to $500,000… the highest limit of savings protection available to credit union members.
$250,000 Additional Coverage
There is no limit to the number of accounts you may have with your credit union and still maintain this extra measure of protection. ASI’s excess coverage is specifically designed to free you from concern about the nature and extent of insurance on your savings account balances.
Credit Union Owned
ASI is a credit union-owned, mutual share guaranty corporation and has insured savings of credit union members since 1974. ASI is the largest non-federal insurer of deposits.
ASI operates as a business partner with your credit union to assure that member needs are met in a safe and sound manner. It routinely monitors and examines your credit union and, as a licensed share guaranty corporation, is subject to an annual statutory examination by the Ohio Division of Financial Institutions.
Excess coverage is a unique product to the credit union industry. Only credit unions meeting the highest standards are eligible for this extended protection. This insurance can be terminated by either the credit union or by ASI; however, you must be notified in writing of any change in the insured status of your accounts.
More Information
If you are uncertain about either the nature or the amount of your savings insurance protection, please contact us. You are also welcome to contact American Share Insurance directly.
5656 Frantz Road, Dublin, Ohio 43017
614.764.1900 Fax 614.764.1493
800.521.6342
www.americanshare.com
mail@americanshare.com
American Share Insurance is not a government agency. Members’ accounts are not insured or guaranteed by any government or government sponsored agency. This institution is not federally insured.
