American_Share_Insurance

American Share Insurance

American Share Insurance

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American Share Insurance (ASI) is a private corporation which insures shares (deposits) in some state chartered credit unions in the United States.[1] 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.[2]

Quick Facts Formerly, Company type ...
Notice at credit union insured by ASI

ASI is headquartered in Dublin, Ohio.

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 (NCUSIF) insurance on the base $250,000 guaranteed by that fund.[2]

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:[3]

References

  1. [1]
    Some large Nevada credit unions depend on private insurance. Las Vegas Review-Journal. 22 Aug. 2004.
  2. [2]
    Staff Reports (2022-01-08). "New branch manager named for Desco Federal Credit Union". The Tribune. Retrieved 2022-10-21.
  3. [3]
    "Management". American Share Insurance. Archived from the original on 2016-06-05. Retrieved 24 May 2020.


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