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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 recently passed $700 billion Federal bailout legislation designed to aid investment firms, insurance companies, banks, thrifts and credit unions, 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.

        

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 Closely Examines Its Insured Credit Unions  
Managing risk and monitoring its insured credit unions are vital to the success of ASI's underwriting and auditing functions. In 2009 the ASI team of underwriters and auditors conducted on-site field exams on over 81% of its primary insured assets.

•  Nominees Announced for ASI Board of Directors
On January 25, 2010, the ASI Nominating Committee met to review all qualifying applications of persons interested in seeking election to the ASI Board of Directors. Nominating Committee Chairman Robin Thomas, CEO of Taleris CU (OH), reported that the following individuals were placed in nomination for the two open positions on the ASI Board: Eric Estes, Executive VP, Boulder Dam CU (NV), and, Bruce Ingraham, CEO, Beacon CU (IN). The election of directors will occur at ASI's Annual Meeting of Participating Credit Unions on April 21, 2010.
 

•  Rita Haynes Appointed to Ohio Credit Union Council
Rita Haynes, CEO of ASI primary insured Faith Community United Credit Union (OH) and recipient of the 2009 Herb Wegner Award for Individual Achievement, has been appointed by Ohio Governor Ted Strickland to the state's Credit Union Council. She will serve a three-year term. The seven member council meets quarterly and advises the Ohio Division of Financial Institutions on matters relating to the business of credit unions. Robin Thomas, ASI Advisory Council member and CEO of ASI primary insured Taleris Credit Union (OH), also serves on this council.
 

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Angelle Named CEO at ASI-insured MCT Credit Union
ASI primary insured MCT Credit Union (TX) has named Thad J. Angelle as its new CEO effective January 1, 2010. Angelle has assumed the position from Lee W. Robinson who retired at the end of 2009 after having served as the credit union's President/CEO since 1997. Angelle previously served as MCT CU's executive vice president, and he has been a member of their senior management team since 2004. He has worked in the financial services industry for over 25 years.
 

 

 

 















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