ASI and ESI extend excess deposit coverage to three new states, enabling credit unions to provide members with up to $10 million in protection above federal limits.
American Share Insurance expands excess share insurance coverage to credit unions in three additional states, potentially increasing its market reach and revenue.
Excess Share Insurance Corporation, as the subsidiary delivering the product, benefits from the expansion into new states.
American Share Insurance (ASI) and its subsidiary, Excess Share Insurance Corporation (ESI), have expanded their excess share insurance coverage to credit unions in three additional states. This move allows participating credit unions to offer members up to $10 million in deposit protection beyond standard federal limits, bolstering their competitive positioning in the financial services market.
Credit unions can now provide their members with up to $10 million in excess deposit coverage, which exceeds standard federal insurance limits.