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Alliance FCU Changes Charter and Share Insurance
Monday, December 5, 2016 6:55 AM

Alliance Federal Credit Union has announced its conversion from a federal charter to a state charter and from federal share insurance to private share insurance from American Share.

American Share Insurance reports that the Lubbock, Texas‐based, $245 million credit union is the fourth in a line of credit unions converting to state charters and private share insurance nationally, and the third Texas‐based credit union, to join American Share in the last 18 months.

For more about Alliance Federal Credit Union, please visit alliancecutx.com.

About American Share Insurance
American Share is a member‐owned share guaranty corporation, licensed by the Ohio Department of Insurance, dual‐regulated by the Ohio Departments of Insurance and Commerce and approved to provide private share insurance in Texas by the Texas Credit Union Department. The corporation provides up to $250,000 of share insurance on each and every account of an individual member in insured member credit unions.