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.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.