Primary Share Insurance
The only private share insurance option in the U.S.
American Share provides trusted primary share insurance for credit unions that covers more than one million members in Alabama, California, Idaho, Illinois, Indiana, Maryland, Montana, Nevada, Ohio, and Texas.
The Power of Choice
State-chartered credit unions have the power to better influence the state laws governing them, and as a result, many state-chartered credit unions have the right to choose American Share to protect their members instead of the NCUA. Federally-chartered credit unions have only a single choice when it comes to share insurance—the NCUA, which serves as both their insurer and regulator.
Greater Coverage
ASI’s coverage is more comprehensive than what is provided by the federal government. ASI’s protection is per account, not per member, with no limit to the number of individual member accounts that can be insured, meaning much more of your members’ deposits can be insured.
Partner Not a Regulator
Many of our partners prefer private insurance because it allows greater flexibility. At the heart of our business model is our belief in the right of credit unions to meet the needs of their members without undue outside interference.
Gain a Competitive Edge
Our per-account coverage allows members to keep more of their deposits in one institution – making your credit union a stronger option to be their primary financial service provider. It’s a level of coverage that banks simply cannot offer.
not per member
Account Types Covered
- Checking/Share Drafts
- Savings/Shares
- Money Market Accounts
- IRAs
- CDs/Share Certificates
- Holiday Savings