American Share Insurance

American Share Insurance (ASI) is a private insurance company that protects the deposits of members of Ohio’s credit unions, similar to how the FDIC insures bank deposits. It provides coverage beyond the standard federal deposit insurance, ensuring members’ savings are safe if a credit union faces financial difficulties. ASI's backing is derived from a reserve fund created by the credit unions it insures, offering an additional layer of security and peace of mind for depositors. Its role fosters stability and confidence within Ohio's credit union system.