The Company

Serving Credit Unions Since 1993

Excess Share Insurance Corporation (ESI) is the nation’s largest provider of deposit insurance of credit union member share (deposit) accounts with balances in excess of the basic $250,000 insurance limits afforded credit unions insured by the National Credit Union Administration (NCUA) or American Mutual Share Insurance Corporation (ASI). The corporation’s Excess Share (deposit) Insurance program helps protect the hard-earned savings of credit union members throughout the United States giving consumers greater confidence in the protection of their savings.

ESI is an Ohio-based licensed property and casualty insurer authorized to insure consumer share (deposit) accounts in both federally and state-chartered credit unions in 32 states nationwide and the District of Columbia. The corporation is a wholly-owned subsidiary of American Mutual Share Insurance Corporation (ASI), a credit union-owned credit union share guaranty corporation operating since 1974, licensed by the Ohio Department of Insurance and dual-regulated by the Ohio Department of Insurance and the Ohio Department of Commerce. It was American Share that first pioneered the concept of Excess Share Insurance for credit union member deposits in 1981, and as demand grew, the corporation found it necessary to organized and charter a more specialized insurance subsidiary focusing solely on Excess Share Insurance needs nationwide. Chartered in 1993, ESI gradually expanded its reach to where it is currently serving the needs of over 200 credit unions representing accounting for over 8 million consumers nationwide. ESI is a private corporation, and it is not an agency of any state or federal government, and the insurance it provides is not backed or guaranteed by any state or federal government.

Financially Sound and Regulated

The majority of ESI's assets are held in cash or invested in Federal agency and US Treasury securities. ESI does not hold the types of investments that plagued many financial institutions and investment firms in recent years.

The Ohio Department of Insurance conducts a cyclical statutory examination of ESI; a "big four" international accounting firm annually audits the company's financial statements; and, an independent actuary renders an opinion annually as to the adequacy of the company's loss reserves.

ESI has always been and continues to be in good standing with the various insurance departments in all its states of operation. The corporation, due to the unique nature of the insurance provided, is not assigned an insurance industry rating by A.M. Best. Financial data, however, information is supplied to rating services annually for their review and analysis. Our audited financial statements are available upon request from your credit union or ESI.

Proven Performance and Policy Specifics

Our success can be attributed to thorough underwriting and risk management policies and practices. We are selective as to who we insure, and not all credit unions that apply for coverage are accepted due to ESI’s strict underwriting standards. Furthermore, we examine our policyholding credit unions on-site regularly to ensure continued safety and soundness. Under our insurance policy, insured credit unions are required to submit financial statements and a listing of accounts subject to ESI’s Excess Share Insurance coverage quarterly in order to continue coverage. Members may inquiry of ESI as to whether or not their personal accounts are being reported as subject to ESI’s coverage.

Our Leadership

ESI is guided by a highly qualified board of directors with significant industry experience that represents a respected cross-section of credit union leaders and led by a management team with over 20 years of average service to ESI and the credit union system. Learn more about our board members.


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Board of Directors

Careful Selection of Policyholders

ESI provides excess share insurance only to credit unions that meet our rigid underwriting requirements and ongoing performance standards.
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