Why ASI Insurance

Accounts Insured to $500,000

At CCCU your funds are insured for five times the federal government’s insurance amount – up to $500,000 per account through American Share Insurance (ASI), and Excess Share Insurance (ESI), a service of ASI.

Although not a state or federal organization, ASI upholds the highest standards of financial accountability – both for their company, and the credit unions that they insure. Only the most financially responsible institutions qualify to offer ASI and ESI coverage. CCCU is proud that we consistently meet these higher standards, and are able to offer the higher coverage limit to our members.

To prove fiscal responsibility, CCCU provides monthly financial information to ASI, and is thoroughly audited annually. Located in Dublin, Ohio, ASI is closely monitored and dually regulated by the Ohio Department of Commerce and the Ohio Department of Insurance. Additionally, Nevada’s own Financial Institutions Division annually reviews CCCU and ASI for its performance and financial condition.

ASI is the nation’s largest provider of private deposit insurance for credit unions. They have been insuring credit unions since 1974, and serving CCCU members since 1979 when the credit union members approved selection of the private insurer by vote.

If you would like more information about ASI, ESI, or CCCU’s financial condition, please call us at (702) 228-2228, or visit ASI online at www.americanshare.com. Click here to view a fact sheet on ASI.