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The nation’s largest provider of private share insurance for credit unions since 1974.

American Share Insurance (ASI) provides primary and excess share or deposit insurance exclusively to credit unions. We’re a member-owned, share guaranty corporation, and are proud to be the nation‘s largest non-federal insurer of credit union deposits.


ASI is safe and sound as are your credit union savings.

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.
 
The current economic situation has left many credit union members asking questions about the safety of their savings.  In response, ASI offers the following about its deposit insurance programs:

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. 

Click here for more details on primary share insurance: Strength & Trust - Your Insured Funds.

        

Industry
For Credit Union Industry Professionals
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. 

Consumer
For Credit Union Members
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.
 






What's New 
ASI Directors Re-elected  
The results of membership balloting were reported at the Annual Meeting of Participating Credit Unions of American Mutual Share Insurance Corporation (ASI), held April 23, 2014, at the company's headquarters in Dublin, Ohio. William A. Herring, President/CEO of Cincinnati Central Credit Union (OH), Janice L. Thomas, President/CEO of PSE Credit Union (OH) and Dennis R. Adams, President/CEO of ASI, have all been re-elected to the ASI Board of Directors by the membership. Each will serve a three-year term. In addition, Kevin W. Willour, President/CEO of Beacon Credit Union (IN), has been elected to serve the remaining two-year term vacated by the passing of a former Board member.


ASI Contributes to Marching Miles for Miracle Kids  
A $6,000 contribution from American Share Insurance (ASI) has enhanced a year-long effort by Ohio credit unions that are raising funds for Children's Miracle Network Hospitals through Marching Miles for Miracle Kids. In addition to the fundraising from the organized 5K races throughout Ohio communities, the Marching Miles campaign also featured a silent auction event during the Ohio Credit Union League's inVest48 Conference in April. The silent auction was an opportunity for credit union professionals and others to bid on more than 40 donated items. That silent auction raised $6,000 and ASI had volunteered to match the auction total – thus adding another $6,000 to a collaborative effort among Ohio's credit unions and partners to help kids needing the support of a children's hospital.


ASI at the Cornerstone Credit Union League's Annual Meeting  
American Share Insurance (ASI) is exhibiting at the Cornerstone Credit Union League's 2014 Annual Meeting & Expo, April 22-24, at the Grand Hyatt in San Antonio, TX. Attendees are invited to visit with Rick Choffel at the ASI booth (#217) during exhibit hours throughout the convention.


ASI-insured Credit Union Execs Named Illinois CU League Officers  
The Illinois Credit Union League (ICUL) has elected board members and executive directors of its various organizations, and ASI is pleased to report that five of those named are from ASI primary insured credit unions. Michael Lee, CEO of Kane County Teachers CU, has been elected Vice Chair of the Illinois CU Foundation. Named to the Illinois CU Political Action Committee are:  Chair Brenda Crane, COO of Credit Union 1; Treasurer Brian Cedergren, CEO of Abri CU; and Secretary RaeAnn Love, CEO of Commonwealth CU. In addition, Jackie Hoonjan, CEO of Valley Bell CU, was elected Secretary/Treasurer on the executive committee of the Illinois Youth Involvement Council.


ASI Fact Sheet Revised and Available Online 
"Strength & Trust - Your Insured Funds," an ASI  fact sheet, presents a summary of pertinent information about the corporation and its primary deposit insurance program available to credit unions. The document has been updated recently and you and your credit union members can download the current version from the lower left of this ASI web page, or
click here


 








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