American Share Insurance (ASI) is proud to announce that, as of September 30, 2024, KH Credit Union, a $70 million financial institution based in Dayton, OH, has transitioned from federal to private share insurance through ASI.
Bradley Mader, President and CEO of KH Credit Union, highlighted the strategic value of this move:
— “We’re happy to be part of the ASI family along with so many other Ohio credit unions. We appreciate the business partnership, and we know our members will appreciate the enhanced per account coverage.”
For credit union leaders, selecting the right deposit insurance partner is critical to both member satisfaction and institutional growth. ASI offers a unique value proposition — our member-owned structure ensures we prioritize the needs of the credit unions we serve, with:
- Enhanced Coverage: Up to $250,000 per account, providing members peace of mind and stronger financial protection.
- Flexibility and Control: ASI believes in the right of credit unions to meet the needs of their members without undue outside interference.
- Proven Trust: ASI insures over 1.35 million members and $20 billion in shares across ten states and no credit union member has ever lost money in any ASI-insured account.
American Share is a share guaranty corporation, licensed by the Ohio Department of Insurance, and dual-regulated by the Ohio Departments of Insurance and Commerce.
Contact us today to learn more about how ASI can benefit your credit union.
