Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
ASI Announces 2013 Special Assessment
DUBLIN, Ohio (9/9/13)--There will be a special premium assessment of 7.5 basis points of total shares for credit unions with private insurance from American Mutual Share Insurance (ASI) , that company announced Friday.

The premium will be assessed of all primary insured credit unions of record with ASI  as of Sept. 30 and does not apply to federally insured credit unions with excess share insurance underwritten by ASI or its wholly owned subsidiary, Excess Share Insurance Corporation.

ASI President/CEO Dennis Adams said, "Although we are seeing signs of an end to the recession, we still find ourselves facing low yields on our high‐quality bond portfolio. In addition, we remain committed to sufficiently funding our loss reserves at a slowing, but not yet normal, rate this year."

ASI, chartered in 1974, is licensed by the Ohio Department of Insurance and regulated by both the Ohio Department of Insurance and the Ohio Department of Commerce. It is a credit union‐owned share guaranty corporation and it insures the savings of credit union members up to $250,000 per individual member account.


RSS





print
News Now LiveWire
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
55 minutes ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
1 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
2 hours ago
Pennies, nickels cost more to make than they are worth @usmint report http://t.co/FOT51DF8v2
2 hours ago
Strong biz lending leads 3Q loan growth at Minn. #creditunions http://t.co/DKYjyj6iC3
3 hours ago