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American Share Insurance

From Wikipedia, the free encyclopedia
American Share Insurance
Formerly
    • Ohio Credit Union Shareholders Guaranty Association;
    • National Deposit Guaranty Corporation;
    • National Deposit Insurance Corporation;
Company typeprivately held
Industryfinancial services
insurance
Founded1974
HeadquartersDublin, Ohio
Notice at credit union insured by ASI

American Share Insurance (ASI) is a private corporation which insures shares (deposits) in some state chartered credit unions in the United States.[1] ASI was established in 1974 as the Ohio Credit Union Shareholders Guaranty Association, changing its name several times until it adopted the name American Share Insurance in 1991. It is the largest privately owned insurance corporation for credit unions.[2]

ASI is headquartered in Dublin, Ohio.

Coverage

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ASI also offers Excess Share Insurance to subscribing state and Federal credit unions which protects member share accounts from $250,000 to $500,000. This product is used by credit unions which have National Credit Union Share Insurance Fund (NCUSIF) insurance on the base $250,000 guaranteed by that fund.[2]

References

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  1. ^ Some large Nevada credit unions depend on private insurance. Las Vegas Review-Journal. 22 Aug. 2004.
  2. ^ a b Staff Reports (2022-01-08). "New branch manager named for Desco Federal Credit Union". The Tribune. Retrieved 2022-10-21.
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