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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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
