American Share Insurance (ASI) is a private corporation which insures shares (deposits) in some state chartered
credit union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provis ...
s in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
. 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.
ASI is headquartered in
Dublin, Ohio
Dublin is a city in Franklin, Delaware and Union counties in the U.S. state of Ohio. The population was 49,328 in the 2020 census with a census estimate of 49,037 in 2019. Dublin is a suburb of Columbus. The city of Dublin hosts the yearly ...
.
Coverage
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
The National Credit Union Share Insurance Fund provides deposit insurance to protect the accounts of credit union members at federally insured institutions in the United States. Created in 1970, the Share Insurance Fund is administered by the Na ...
(NCUSIF) insurance on the base $250,000 guaranteed by that fund.
Management
* Dennis R. Adams - President & CEO
* Pete Love - VP of Finance & Secretary/Treasurer
* Kurt Kluth - VP of Information Technology
* Kurt Loose - VP of Examination and Insurance
* David Kettlehake - VP of Sales & Marketing
Source:
External links
*
References
American companies established in 1974
Financial services companies established in 1974
Insurance companies of the United States
Companies based in Dublin, Ohio
Deposit insurance in the United States
1974 establishments in Ohio
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