The credit union-owned American Share Insurance in Dublin, Ohio has announced a special premium assessment of nine basis points, or 9% of 1% of total shares, for 2012.
ASI said this week that the premium will be assessed for all primary insured member credit unions on record as of Sept. 30. The assessment will be based on total shares reported as of June 30, subject to final regulatory approvals, and is expected to be invoiced on or around Sep. 30, the company said.
ASI added the assessment doesn't apply to excess share insurance policyholder credit unions insured by Excess Share Insurance Corp. or ASI.
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