Since 1993, Excess Share Insurance (ESI) has offered additional deposit insurance for member accounts that exceed the coverage limits provided by their credit union’s primary share insurance. This unique program is provided exclusively to credit unions, and is currently available in 32 states and the District of Columbia.
ESI allows qualifying credit unions to customize the protection provided to members with deposit account balances in excess of $250,000.Learn More
Credit unions can enhance the protection offered to their entire membership by adding $250,000 of additional deposit insurance to primary coverage limits on all classes of accounts
Add up to $5,000,000 of additional deposit insurance to primary coverage limits on select classes of accounts such as Business Savings and Public Funds (Select Cover not available in Texas, Washington or Florida)
Add up to $250,000 of additional deposit insurance to primary coverage limits on specific classes of accounts such as IRAs and CDs
Members of credit unions using ESI’s excess share insurance can take comfort that their savings are safe, and that a portion of their deposits are protected by a well-capitalized, credit union-only private insurer. Today, hundreds of credit unions nationwide utilize ESI’s program to add another layer of protection over what is provided by their credit union’s primary insurer.Learn More About ESI