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.
Strength in Numbers
Added convenience. Greater coverage. For your success and the needs of your members.
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
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
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
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.
Excess Share Availability
Why Choose ESI
“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 (TX)