DUBLIN, Ohio–American Share Insurance announced that the company has been approved to provide primary share insurance in Montana.
ASI reported that its application was subject to review and consideration by Montana’s Division of Banking and Financial Institutions and the Commissioner of Securities and Insurance, and that they had recently received formal approvals from both state regulators.
“This makes a total of 10 states of operation for the company and its primary share insurance program – the largest number of states of operation in the 43‐year history of the fund,” American Share President and CEO Dennis Adams stated in a release. “We are excited about the opportunity to offer Montana’s credit unions an alternative to federal share insurance, and we look forward to a long and professional working relationship with our future business partners in this great state.”