Additionally, your board of directors has chosen to provide up to an additional $250,000 of savings protection to each qualifying account through ESI.

ESI's Excess Share Insurance Coverage applies to any credit union account currently subject to the maximum level of $100,000 in coverage provided by NCUA. To receive ESI's added insurance, we must file required reports and pay monthly premiums to ESI.

ESI's Excess Share Insurance is limited only by the number of accounts NCUA insures.

For example, if you have two credit union savings accounts, a regular savings account and an IRA, each of these is covered separately by federal insurance up to $100,000. Each would also be eligible for ESI's Excess coverage of $250,000. Your accounts, therefore, would have a combined total coverage of $700,000.

ESI insures only credit unions.

Operating nationally, the company has taken great care to maximize the geographic and occupational diversity of its membership. This diversification, combined with sound insurance principles, offers its members greater security in time of regional economic downturns.

Excess Share Insurance is available only to qualifying credit unions meeting rigid underwriting requirements and providing monthly financial information to ESI, including a listing of members qualifying for this added insurance.

Either the credit union or Excess Share Insurance can terminate this excess coverage, but in either case, ESI requires that you be notified of any change in the insurance on your accounts.

If you are uncertain about either the nature or the amount of your savings insurance protection, please contact your credit union. You are also welcome to write or call Excess Share Insurance directly.