American Share Insurance
Encyclopedia
American Share Insurance (ASI) is a privately held deposit guaranty corporation that insures shares (deposits) in some state chartered credit union
s. ASI was established in 1974 as the National Guaranty Insurance Fund, changing its name to American Share Insurance in the early 1990s. ASI is the largest privately owned insurance corporation for credit unions.
Credit unions carrying ASI’s private insurance must state that funds deposited in the credit union are insured by a private organization, and that the United States Government does not guarantee 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 $100,000 to $250,000. 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.
ASI is headquartered in Dublin, Ohio
.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
s. ASI was established in 1974 as the National Guaranty Insurance Fund, changing its name to American Share Insurance in the early 1990s. ASI is the largest privately owned insurance corporation for credit unions.
Credit unions carrying ASI’s private insurance must state that funds deposited in the credit union are insured by a private organization, and that the United States Government does not guarantee 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 $100,000 to $250,000. This product is used by credit unions which have National Credit Union Share Insurance Fund
National Credit Union Share Insurance Fund
The National Credit Union Share Insurance Fund is administered by the National Credit Union Administration for the purpose of providing deposit insurance to protect deposits of credit union members at insured institutions in the United States. It was created in 1970 shortly after the creation of...
(NCUSIF) insurance on the base $250,000 guaranteed by that fund.
ASI is headquartered in Dublin, Ohio
Dublin, Ohio
Dublin is a city in Franklin, Delaware, and Union counties in the U.S. state of Ohio. The population was 41,751 at the 2010 census. Dublin is a suburb of Columbus, Ohio. Approximately 57,000 people live within the Dublin school district....
.