School Employees Lorain County Credit Union in Elyria, Ohio, is asking members to vote to convert to American Share Insurance for deposit coverage.

The notice on the $135 million credit union’s website explained that ASI coverage meant $250,000 per account with no limit on the number of accounts for the member. When ASI is combined with excess share insurance, provided through Excess Share Insurance Corp. which is a related business to ASI, account coverage could be up to $500,000.

 

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