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ASI Announces Special Premium Assessment For Credit Unions

Friday, September 14, 2012 - 5:28 AM
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.

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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.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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