ASI is a non-federal
insurer, owned by Credit Unions. It maintains a unique
perspective by working as a partner with Millstream Area
Credit Union to assure that the best interests of the
members are protected. Through ASI's monthly monitoring
system, annual review process, and business approach,
we are able to structure the needs of our membership while
operating within the confines of safety and soundness.
Qualifying for ASI insurance requires that we meet strict
underwriting standards and submit full financial statements
and other relevant information monthly. We are also subject
to regular, extensive field audits by ASI, state regulators,
and others. ASI is a multi-state insurer, regulated
by each state in which it operates. The corporation has
been headquartered in Dublin, Ohio, since 1974 and both
the Ohio Departments of Insurance and Commerce oversee
its operations. Click
here to download a factsheet about American Share
Insurance.
No member has ever lost a cent in an ASI-insured credit union
and its annual average losses are the lowest of any broad-based
deposit insurance fund in the nation. Click the American
Share Insurance link to learn more.