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The key to maintaining higher balances.
More than one million credit union members around the United States rely on ASI to protect their savings. Our primary share insurance program allows our member credit unions to offer expanded coverage to their individual members.
Coverage up to $250,000 per account.
An alternative to federal deposit insurance for state-chartered credit unions, ASI insures up to $250,000 for each account a credit union member may have.
Proven performance since 1974.
ASI has been insuring credit unions since 1974. We have been successful because of sound underwriting and risk management policies. We believe in state sovereignty and the primary mission of state-chartered credit unions to meet changing member needs without undue interference in day-to-day operations.
Financially sound and regulated.
ASI is licensed by the Ohio Department of Insurance and dual regulated by the Ohio Departments of Insurance and Commerce. Credit union examiners from each state in which ASI operates are invited to participate in a thorough annual exam of the company. In addition, the Ohio Department of Insurance conducts a cyclical statutory examination of ASI; a “big four” accounting firm annually certifies the company’s financial statements; and, an independent actuary opines each year as to the sufficiency of the company's reserves.