All branches (lobby & drive-up) will close at 4:30 p.m. on Tuesday, May 21, 2019, to allow our staff to attend our Annual Meeting. Thank you for your understanding, and we hope to see you there.

Maryland Heights

1805 Craigshire Road
Maryland Heights, MO 63146

Wildwood

16500 Manchester Road
Wildwood, MO 63040

Manchester (Lafayette Center)

407 Lafayette Center Road
Manchester, MO 63011

South County (Tesson Ferry)

12400 Tesson Ferry Road
St. Louis, MO 63128

CU Service Centers No-Fee ATMs

Business and Municipal Account Deposit Insurance

Business Account Deposit Insurance

Business Deposit Accounts at Electro Savings Credit Union are insured up to $750,000. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance from Excess Share Insurance Corporation (ESI).

  1. NCUA’s basic federal coverage insures Business Deposits up to $250,000. Learn more.
  2. Business Deposit Accounts exceeding the maximum level of coverage provided by NCUA are also insured up to an additional $500,000 by ESI.

$250,000 is insured by NCUA and $500,000 is insured by ESI for a total of $750,000 in coverage for Business Accounts.

Municipal Account Deposit Insurance

Municipal Deposit Accounts at Electro Savings Credit Union are insured up to $1,250,000. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance from Excess Share Insurance Corporation (ESI).

  1. NCUA’s basic federal coverage insures Business Deposits up to $250,000. Learn more.
  2. Municipal Deposit Accounts exceeding the maximum level of coverage provided by NCUA are also insured up to an additional $1,000,000 by ESI.

$250,000 is insured by NCUA and $1,000,000 is insured by ESI for a total of $1,250,000 in coverage for Municipal Accounts.

Excess Share Insurance

To be eligible for excess coverage, the credit union must comply with ESI’s rigid underwriting standards. Also, ESI’s insurance policy requires that every quarter the credit union submit financial statements and a listing of accounts eligible for excess coverage in order to continue coverage.

Individual policies are not provided to business or municipal members, and there is no direct cost to you for this coverage.

It is important to note that excess deposit insurance is payable only upon the failure and liquidation of the credit union. The credit union or ESI may terminate or modify this coverage, but in either case, members would be notified in writing of any change in the excess coverage.

About Excess Share Insurance Corporation

Headquartered in Dublin, Ohio, ESI is a wholly owned subsidiary of American Share Insurance, a credit union-owned private deposit insurer founded in 1974 by credit unions, for credit unions.

As a property and casualty insurer, ESI is subject to licensing and regulation by our state’s insurance
department. Furthermore, the company’s financial statements are audited annually by an independent CPA firm and are available upon request through the credit union.