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.
Managing risk and monitoring its insured credit unions are important functions of ASI’s Examination & Insurance Department. In 2014 the ASI team of examiners conducted a total of 106 on-site field exams of its member credit unions. This accounts for on-site field exams being conducted on nearly 92% of ASI’s primary insured assets. Kurt Loose, VP of ASI’s Examination & Insurance Department, said, “The combination of these on-site audits along with the stringent monitoring of its insured credit unions and the tracking and reporting systems ASI utilizes, all contribute to the safety and soundness of the ASI deposit insurance fund.”