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.
The results of membership balloting were reported at the Annual Meeting of Participating Credit Unions of American Mutual Share Insurance Corporation (ASI), held April 22, 2015, at the company’s headquarters in Dublin, Ohio. Michael L. Mastro, President/CEO of Firefighters First CU (CA), has been re-elected to the ASI Board of Directors by the membership. Elizabeth A. Calderone, President/CEO of Earthmover CU (IL), was elected by the membership to serve her first term on the ASI Board. Mr. Mastro and Ms. Calderone will each serve three-year terms. In addition, Chairman Craig Bradley announced his retirement from the ASI Board of Directors effective as of April 22, 2015 – upon completion of his current term. Mr. Bradley, who retired in 2013 from his position as President/CEO of ASI primary insured Kane County Teachers Credit Union (IL), has been an ASI Director since 2011.