American Share Insurance (ASI) is a privately held deposit guaranty corporation that insures shares (deposits) in some state chartered credit unions. 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 for credit unions. 1974 (MCMLXXIV) was a common year starting on Tuesday (the link is to a full 1974 calendar). ...
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 $100,000 guaranteed by that fund.
ASI is headquartered in Dublin, Ohio. Motto: Where yesterday meets tomorrow Nickname: Location in Ohio Founded 1810 Incorporated 1881 County Franklin, Delaware, and Union counties Borough {{{borough}}} Parrish {{{parrish}}} Mayor Marilee Chinnici-Zuercher Area - Total - Water 54. ...
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American Share Insurance
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AmericanShareInsurance (ASI) is a privately held deposit guaranty corporation that insures shares (deposits) in some state chartered credit unions.
ASI was established in 1974 as the National Guaranty Insurance Fund, changing its name to AmericanShareInsurance in the early 1990s.
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.
The federal insurance fund has several programs to help insured credit unions which may be experiencing problems, and liquidations or failure, are usually done only as a last resort.
The NCUSIF ratio of equity to insured shares and deposits is normally 1.25 percent to 1.30 percent.
Members are advised that no persons may, by representations or interpretations, effect the extent of insurance coverage provided by the Federal Credit Union Act as amended and the rules and regulation for insurance of share accounts.
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