This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be merged, redirected, or deleted.Find sources: "American Share Insurance" – news · newspapers · books · scholar · JSTOR (January 2018) (Learn how and when to remove this message) This article relies largely or entirely on a single source. Relevant discussion may be found on the talk page. Please help improve this article by introducing citations to additional sources.Find sources: "American Share Insurance" – news · newspapers · books · scholar · JSTOR (November 2019) (Learn how and when to remove this message)
American Share Insurance
Formerly
    • Ohio Credit Union Shareholders Guaranty Association;
    • National Deposit Guaranty Corporation;
    • National Deposit Insurance Corporation;
Company typeprivately held
Industryfinancial services
insurance
Founded1974
HeadquartersDublin, Ohio
Notice at credit union insured by ASI

American Share Insurance (ASI) is a private corporation which insures shares (deposits) in some state chartered credit unions in the United States.[1] ASI was established in 1974 as the Ohio Credit Union Shareholders Guaranty Association, changing its name several times until it adopted the name American Share Insurance in 1991. It is the largest privately owned insurance corporation for credit unions.[2]

ASI is headquartered in Dublin, Ohio.

Coverage

[edit]

Credit unions carrying ASI's private insurance must state that funds deposited in the credit union are insured by a private organization, and that no government or government entity guarantees accounts in that particular credit union.

ASI also offers Excess Share Insurance to subscribing state and Federal credit unions which protects member share accounts from $250,000 to $500,000. This product is used by credit unions which have National Credit Union Share Insurance Fund (NCUSIF) insurance on the base $250,000 guaranteed by that fund.[2]

Management

[edit]

Source:[3]

References

[edit]
  1. ^ Some large Nevada credit unions depend on private insurance. Las Vegas Review-Journal. 22 Aug. 2004.
  2. ^ a b Staff Reports (2022-01-08). "New branch manager named for Desco Federal Credit Union". The Tribune. Retrieved 2022-10-21.
  3. ^ "Management". American Share Insurance. Archived from the original on 2016-06-05. Retrieved 24 May 2020.
[edit]


Categories