ASI Assesses 15 Basis Point Premium on Privately Insured Credit Unions

For the third year in a row, American Mutual Share Insurance Corporation (ASI) levied a special premium on privately insured credit unions.

The Board of Directors of ASI announced a special premium assessment for 2011 in the amount of 15 basis points of total shares. The premiums were assessed on September 30, 2011, and were based on the total shares reported as of June 30, 2011.

ASI noted that the special assessment was due to lower yields on its government bond portfolio and more aggressive funding of its loss reserves.

Read ASI's press release.