Stand Out in Your Market
Benefits for Your Credit Union and Your Members
Show your strength by offering protection no banks and few credit unions can offer – excess share insurance from Excess Share Insurance Corporation (ESI). Your current members will notice, and so will new ones.
ESI is licensed to provide excess share insurance to state and federally chartered credit unions in 32 states plus the District of Columbia.
Flexible Coverage Options
ESI offers three excess share insurance options based on the unique needs of your credit union and your members: Double Cover, Select Cover and Custom Cover. Choose one or multiple policies to accomplish your specific objectives.
Not sure where to begin? We can help you understand the many different ways an excess share insurance program can be structured, and together determine the policy type – or types – right for your credit union.
Double Cover can protect every member of your credit union by providing up to $250,000 of coverage over your primary coverage limits.
Double Cover was one of ESI’s first product offerings and remains its most popular program, used by hundreds of credit unions across the country.
Select Cover allows your credit union to insure balances up to $5,000,000 above the limits of your primary share insurer, accommodating specific members, larger businesses, and institutional accounts. Other limitations and restrictions may apply.
Select Cover is not available in Texas, Washington, or Florida.
Custom Cover adds up to $250,000 beyond your primary coverage limits on specific classes of accounts, such as IRAs or CDs.
Credit unions typically use Custom Cover when they are interested in targeting these specific accounts for long-term and sustainable growth.