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There is no better endorsement of a business or product than by those who know it best: its customers. In our case, they’re our member credit unions! This small sample of testimonials reflects the faith our members have in ASI excess share insurance solutions.
CoastHills Federal Credit Union
"We seek out products and services that create a win-win situation for the members and the credit union. Communicating to our members that deposits are insured up to $500,000 with excess share insurance has proven to be a successful marketing tool. It has increased members' confidence in the credit union and strengthened the primary financial institution relationship. Offering excess share insurance coverage has helped retain high balance accounts as well as attract new members looking for a secure investment."
Jeff York, President/CEO
Fiscal Credit Union
"A large portion of our core membership comes from the various departments of L.A. County, including the accounting division. They can be a tough crowd to please when it comes to financial security. Partnering with American Share Insurance allowed us to increase our deposit insurance coverage, which was warmly received and very much appreciated by our members."
Mike Gomez, CEO
Sea Air Federal Credit Union
Seal Beach, California
"ASI‘s excess share insurance is a product that helps differentiate our credit union from other financial institutions. In this very competitive market, having this product to promote our safety and soundness is key to member retention as well as a great marketing tool.
Having excess share insurance is also very helpful to our member service representatives as they simply need to say to our members, ‘Your accounts are insured up to $500,000, and your IRA is insured up to $500,000, giving you up to $1,000,000 worth of coverage.‘ I know for a fact that members use our credit union as their primary financial institution due to our excess coverage.”
Michael Pardon, CEO