Excess Share Insurance
An Added Layer Of Protection
At PrimeWay Federal Credit Union, we want you to feel like family. Part of that security includes knowing that your savings with us are insured up to $500,000. That exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance by the Excess Share Insurance (ESI) Corporation.
A Bit About ESI
PrimeWay Federal Credit Union members automatically qualify for the additional insurance coverage from ESI, a subsidiary of Ohio-based American Share Insurance, which is the nation’s largest private deposit insurer for credit unions. To operate in Texas, ESI was required to receive authorization from the state’s department of insurance. The company also is subjected to an annual examination by national auditors.
For more information on ESI’s insurance coverage, please click here.