Your Plus Credit Union deposits are insured by American Share Insurance (ASI) is the nation's largest private insurers of credit union deposits.
ASI insures accounts, not individuals. Each account that you have with Plus Credit Union is insured for up to $250,000 each insurer. For example, if you have $250,000 in a Regular Share Account and $250,000 in a Term Share Certificate, your total insurance coverage is $500,000.
Your board of directors and membership have elected to have their accounts protected by ASI for several reasons. First, ASI is a non-federal insurers, owned by credit unions. They maintain a unique perspective by working as a partner with the credit union to assure that the best interests of you, the member, are protected.