About Your Share Insurance
Protecting your savings with the highest level of security available is one of our major objectives.  That is why we combine your federal deposit insurance coverage (NCUA) with excess protection from American Share Insurance (ASI), the nation's largest private deposit insurance.

Your accounts are currently insured to at least $250,000 per account by the National Credit Union Administration (NCUA), an agency of the federal government.  Further, IRA accounts are separately insured up to $250,000 per account.

American Share Insurance
In addition to the insurance provided by the NCUA, the credit union's Board and Management has chosen to provide up to an additional $250,000 of savings protection to each qualifying account through ASI.

ASI's Excess Deposit Coverage applies to any credit union account currently receiving the maximum level of $250,000 in coverage by the NCUA.  To receive ASI's added insurance, the credit union must file required reports and pay monthly premiums to ASI.

ASI's Excessive insurance is limited only by the number of accounts NCUA insures.   For example, if you have two credit union savings accounts, a regular savings account and an IRA, each of these is covered separately by federal insurance up to $250,000.  Each would also be eligible for ASI's Excess coverage of $250,000. Your accounts, therefore, would have a combined total coverage of $750,000.

ASI is a credit union share guaranty fund owned by its member credit unions.  It was founded in 1974 and insures only credit unions.

Excess insurance is available only to qualifying credit unions meeting rigid underwriting requirements and providing monthly financial information to ASI, including a listing of members qualifying for this added insurance.