
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 $100,000 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 $100,000 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 $100,000. Each would also be eligible for
ASI's Excess coverage of $250,000. Your accounts, therefore,
would have a combined total coverage of $700,000.
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.
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