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United States
1994 (32 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Excess Share Insurance
Company Information
Get to know Excess Share Insurance
Founded in 1993, Excess Share Insurance Corporation is a wholly-owned subsidiary of American Share Insurance, the nation's largest private primary share insurer for credit unions. ESI's core mission is to provide additional insurance coverage for member accounts (shares and deposits) at credit unions that exceeds the standard federal coverage limit provided by the National Credit Union Administration (NCUA). This allows credit unions to offer their members a higher level of deposit security, making them more competitive with commercial banks. ESI operates as an Ohio-domiciled property and casualty insurance company.
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