American Share Insurance (ASI) provides primary and excess share (deposit) insurance exclusively to credit unions. We’re a member-owned, share guaranty corporation proud to be the nation‘s largest non-federal insurer of credit union deposits.
Through our primary share and excess share insurance programs, we help credit unions carry out their mission. Learn what makes our insurance unique, then meet the industry leaders who have helped us serve the credit union industry.
Credit unions offer their members a wealth of advantages and are a popular alternative to traditional banks. Learn how ASI insures the deposits of credit union members.
Members of credit unions insured by American Share Insurance can take great comfort in knowing that their savings are safe, sound and protected by a well-capitalized insurance fund.
It is very natural for credit union members to ask questions about the safety of their savings. In response, ASI offers the following regarding its deposit insurance programs. Most importantly, members' deposits in an ASI primary insured credit union are insured to $250,000 per individual account, no matter how many accounts they have with the credit union.
ASI President/CEO Dennis Adams announces that the company’s primary insured Silver State Schools Credit Union (SSSCU), Las Vegas, NV, has released its 4th quarter 2014 financials. SSSCU reports fourth quarter net income of $2.76 million and net income for the year ended December 31, 2014 of $13.27 million. The 2014 annual earnings decreased slightly from 2013’s net income of $13.55 million, which included a one-time non-operating gain of $5.0 million. Clearly, 2014 was a record year for the credit union.Read more...