From Credit Union National Association
Private share insurer American Mutual Share Insurance Corp. (ASI) has announced its board approved a special premium assessment for 2012--in the amount of nine basis points, or 9% of 1% of total shares.
The premium will be assessed of all its primary insured member credit unions of record as of Sept. 30, 2012.
Back in 2010, a special 15 bps premium caused Velocity Credit Union to change its mind
about switching from federal NCUA insurance to private ASI insurance.