Excess Share Insurance
The Credit Union Advantage
Give your members what they want and need: the peace of mind that comes with added protection.
Excess share insurance is a powerful tool that helps credit unions attract new deposits, protect what they already have, and retain their largest accounts.
Excess Share Insurance
The Credit Union Advantage
Give your members what they want and need: the peace of mind that comes with added protection.
Excess share insurance is a powerful tool that helps credit unions attract new deposits, protect what they already have, and retain their largest accounts.
Choose the Coverage Plan That Works for You
ESI allows qualifying credit unions to customize the protection provided to members with deposit account balances in excess of $250,000. Excess share coverage means flexibility for you, and added security for your members.
See Why People Choose ESI
“Offering excess share insurance has helped provide a competitive advantage in today’s highly competitive deposit marketplace. In an environment where elevated rates are table stakes, offering additional insurance options allows Skyla to stand out when attracting and retaining deposits.”
— Brett Fisher, CFO, Skyla Credit Union
“ESI coverage was a key element to help our credit union secure a large deposit from a commercial bank where the funds were not fully insured. The member also now receives a higher rate on their funds enabling them to offer a paid intern program.”
– Jason Lindstrom, President / CEO, Evergreen Credit Union
“ESI has been a wonderful complement to our private insurance coverage. We are proud to be the only financial institution in our area to offer our members Excess Share Insurance. While most of our members do not require the excess coverage, it gives them the confidence that their credit union can handle all of their financial needs, now and in the future. I recommend ESI as both a practical insurance provider as well as a powerful marketing tool.”
–Matt Grannan, President / CEO, Alliance Credit Union
“Excess Share Insurance provides our members the peace-of-mind that their deposits over $250,000 are insured. It’s an affordable solution for us and added protection for those valuable members with large deposit balances.”
–Bill Allender, President / CEO, BMI Federal Credit Union
“During the summer of 2020 Access Community Credit Union took additional steps to protect our members’ deposits by adding supplementary insurance through ESI. Since that time our members have been double covered, and this protection has given the security and peace of mind to our membership that they have come to expect from a community credit union.”
–John Hays, CEO, Access Community Credit Union
Innovative Deposit Solutions Since 1993
Members of credit unions using ESI’s excess share insurance can take comfort that their savings are safe, and that a portion of their deposits are protected by a well-capitalized, credit union-only private insurer. Today, hundreds of credit unions nationwide utilize ESI’s program to add another layer of protection over what is provided by their credit union’s primary insurer.