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Financial safety nets.(agencies that insure bank deposits and investments)(Brief article)
Given today's headlines, you may wonder who protects your money in case a financial institution goes under. Here's information on the entities that back up various types of accounts:
Bank or thrift. The Federal Deposit Insurance Corp. covers at least $100,000 per person ($250,00 for some retirement accounts) at each institution. For more, go to www.fdic.gov/deposit/deposits/insured/index.html.
Credit union. Most are insured by the National Credit Union Administration. Some supplement NCUA insurance with private American Share Insurance, not government-backed. Still others use only American Share. For more, go to www.ncua.gov/shareinsurance/Index.htm or www.americanshare.com.
Broker. The Securities Investor Protection Corp. gives each investor $500,000 of protection to recover lost assets if a brokerage belonging ...
- Small Ohio CU Liquidated By Private Share Insurer; Fraud Being...
- Magazine article from: Credit Union Journal Freeman, Lisa June 10, 2002 700+ words
American Share Insurance (ASI), at...to members of the tiny credit union that had been privately...came to light when a credit union member called seeking...them," he told The Credit Union Journal. "This would...
- Credit Union 1 happy with private insurance.
- News wire article from: The America's Intelligence Wire October 20, 2008 700+ words
...going on right now." Credit Union 1's deposits are insured by American Share Insurance, a Dublin...to be vice chairman of American Share's board of directors. When Credit Union 1 switched to American Share Insurance about 18 years...
- Tampa Bay Federal Credit Union Gets Approved for $500,000 in Deposit Insurance...
- Press release article from: PR Newswire October 13, 2008 700+ words
...Tampa Bay Federal Credit Union (TBFCU) announced...Insurance by American Share Insurance. Additionally...the National Credit Union Association...The National Credit Union Share Insurance...Insurance with American Share Insurance, it...
- Journal Daily.(NAFCU meeting planned; Hawaii credit unions partner on condo;...
- Magazine article from: Credit Union Journal December 9, 2002 700+ words
...Dublin, Ohio-based American Share Insurance. Federal...opt out of National Credit Union Share Insurance Fund...deposit coverage from American Share Insurance. NAFCU said...County Employees Federal Credit Union and Honolulu Federal...
- NCUA's Matz Raises Concerns Over Moves To Private Insurance.(National Credit...
- Magazine article from: Credit Union Journal Ortiz, Laura September 16, 2002 700+ words
...billion Patelco Credit Union, San Franciso...Ohio-based American Share Insurance. Several...conference told The Credit Union Journal that...hurt the entire credit union industry...the majority by American Share Insurance, which...
- $600M Silver state Schools To Private Insurance.(American Share...
- Magazine article from: Credit Union Journal July 26, 2004 700+ words
...insurance, the second largest credit union to opt for private insurance...deposits for the $600-million credit union are insured by American Share Insurance, the only surviving...provider of private insurance. Credit union representatives were not...
- Kaiperm Federal Credit Union Makes a Move to Broadway.
- Press release article from: PR Newswire June 19, 2006 700+ words
...insured by the National Credit Union Administration (NCUA...000. Kaiperm Federal Credit Union also features private...insurance offered through American Share Insurance, for an...become a member of the credit union, visit http...
- The CUJ Daily.(American Share Insurance's assets and other news)
- Magazine article from: Credit Union Journal March 31, 2003 700+ words
...DUBLIN, Ohio-American Share Insurance said...conversion of Patelco Credit Union from NCUSIF...counsel, told The Credit Union Journal. ASI...district encompasses American Share Insurance. The...branch. The credit union paid $2 million...
- Credit union industry healthy in Idaho.
- Magazine article from: Idaho Business Review, Boise May 7, 2007 700+ words
...Cameron. The Idaho Credit Union League president said...Boise-based Idaho Credit Union League's 53 members...privately insured by American Share Insurance, the nation...company, he said. Credit union industry healthy in...
- EBTEL Credit Union, Pleasanton, California, Announces its Corporate Identity...
- Press release article from: PR Newswire April 4, 2003 700+ words
...January 2003, Sterlent Credit Union is positioning to support...insured by the National Credit Union Share Insurance Funds...coverage provided by American Share Insurance (ASI...membership. Sterlent Credit Union is a full service financial...