The Freedom to Choose.
The Power to Protect.
Many credit unions have a choice when it comes to protecting their members’ deposits: federal share insurance, or private share insurance. Exercise your right to choose the option that’s best for your credit union and your members — Choose Private Share Insurance through American Share Insurance (ASI).
The Freedom to Choose.
The Power to Protect.
Many credit unions have a choice when it comes to protecting their members’ deposits: federal share insurance, or private share insurance. Exercise your right to choose the option that’s best for your credit union and your members — Choose Private Share Insurance through ASI.
Innovative Deposit Solutions through ASI since 1974
A vibrant financial marketplace needs options. When credit unions align their strategy and member needs with the right deposit insurance partner, they unlock quicker innovation and stronger community impact.
Per account coverage
ASI’s primary insurance offers $250K of coverage per account, not per individual, with no limit to the number of accounts held by a member.
Grow Strategic Accounts
Excess share insurance is a credit union exclusive program. Protect your members with deposit coverage up to $10 million on top of your primary insurance coverage.
Member Security
For 50 years, ASI has protected the deposits of our credit union members. No member has ever lost money in an ASI-insured account.
Member Success Story
“Without private share insurance through ASI, Abbott Laboratories Employees Credit Union (ALEC) would not exist. ASI helped us establish ALEC in 1990 and provided private deposit insurance protection when no other organization could. Today we stand 31K members strong and with more than $1 billion in assets. Over my 20+ years at ALEC, I’ve seen how private insurance can be a game changer for credit unions!”
“Without private share insurance through ASI, Abbott Laboratories Employees Credit Union (ALEC) would not exist. ASI helped us establish ALEC in 1990 and provided private deposit insurance protection when no other organization could. Today we stand 31K members strong and with more than $1 billion in assets. Over my 20+ years at ALEC, I’ve seen how private insurance can be a game changer for credit unions!”
— Joe Trosclair, President/CEO, ALEC
The Numbers
1.3 Mil+
members protected through ASI’s primary coverage
$20 Bil +
of members’ deposits protected
$250K
in per account coverage, not per member
We advocate for our member credit unions
At ASI, we advocate for credit unions’ right to choose private deposit insurance, promoting innovation, flexibility, and a strong, cooperative credit union movement through policy, education, and engagement.
Featured Items
Privately Insured Credit Unions Conversion Modernization Act
U.S. Representative Warren Davidson (R-OH) introduced the Privately Insured Credit Unions Conversion Modernization Act, also known as the Private Insurance Parity Act, legislation to remove outdated federal barriers that make it difficult for state-chartered credit unions to convert to private insurance or merge with a privately insured credit union.
New Article from Americans for Tax Reform
We appreciate the insights that Americans for Tax Reform shared in an article highlighting how private deposit insurance can provide a market-based alternative to the federal deposit insurance monopoly, fostering innovation, stronger oversight, and greater flexibility for financial institutions.
New Article from Americans for Tax Reform
We appreciate the insights that Americans for Tax Reform shared in an article highlighting how private deposit insurance can provide a market-based alternative to the federal deposit insurance monopoly, fostering innovation, stronger oversight, and greater flexibility for financial institutions.
Private Insurance Parity Act Update
Washington, D.C. – On June 17, 2026, U.S. Senators Catherine Cortez Masto (D-Nev.) and Bernie Moreno (R-Ohio) introduced bipartisan legislation to make it easier for credit unions to choose private insurance over federal insurance. The Private Insurance Parity Act would allow credit unions to merge with or convert to a privately insured institution if a simple majority of its voting members approve of the action.
Private Insurance Parity Act Update
Washington, D.C. – On June 17, 2026, U.S. Senators Catherine Cortez Masto (D-Nev.) and Bernie Moreno (R-Ohio) introduced bipartisan legislation to make it easier for credit unions to choose private insurance over federal insurance. The Private Insurance Parity Act would allow credit unions to merge with or convert to a privately insured institution if a simple majority of its voting members approve of the action.
New Report Authored by Glenn Grossman
American Share Insurance (ASI) and Excess Share Insurance (ESI) have released new research examining the evolution of the U.S. deposit insurance system, its costs, and impact on financial institutions, depositors, and taxpayers. The report provides an objective analysis of alternative insurance models and offers insights into how different approaches allocate risk while supporting financial stability and depositor protection.
New Report Authored by Glenn Grossman
American Share Insurance (ASI) and Excess Share Insurance (ESI) have released new research examining the evolution of the U.S. deposit insurance system, its costs, and impact on financial institutions, depositors, and taxpayers. The report provides an objective analysis of alternative insurance models and offers insights into how different approaches allocate risk while supporting financial stability and depositor protection.
Strengthening State Charters and Expanding Choice with ASI!
Chip Filson, a nationally recognized leader with over 40 years of experience in government, financial institutions, and business, recently shared his insights on how private deposit insurance can provide security for credit unions and their members during these uncertain times.
Find a Partner in Your Insurer
Joe Trosclair, ASI Board Member and President/CEO of Abbott Laboratories Employees Credit Union (ALEC), recently sat down with Credit Union Times for an insightful interview where he discussed the power of private deposit insurance.
Why should you want the option of Private Share Insurance?
Renowned economist Dr. Bill Hampel examines the key differences between share insurance through ASI and the NCUA. He analyzes national credit union data and focused case studies, including states where credit unions insured by American Share Insurance (ASI) are especially active. The findings reveal that private share insurance promotes credit union growth, enhances the dual chartering system, and offers safe, flexible coverage for members across the nation.