AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
AMERICAN MUTUAL SHARE INSURANCE CORP & SUBSIDIARIES (EIN 23-7376679)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-11-14
IRS object ID
201423189349300612
Schema version
2013v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2014-11-14T07:10:59-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN861065772PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Deloitte Tax LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1250 East Fifth Street Suite 1900AddressLine1
CityCincinnatiCity
StateOHState
ZIP Code45202ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237376679EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1American Mutual Share Insurance CorporationBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlAMERBusinessNameControlTxt
Phone6147641900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15656 Frantz RoadAddressLine1
CityDublinCity
StateOHState
ZIP Code430172599ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCurtis L RobsonPersonNm
Person TitleVP Finance/Sec & TreasurerPersonTitleTxt
Phone6147641900PhoneNum
Signature2014-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCody CainPreparerPersonNm
PTINP00902498PTIN
Phone5137847100PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1American Share InsuranceBusinessNameLine1
FieldValueIRS element (for citing)
Principal OfficerDennis R AdamsPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15656 Frantz RoadAddressLine1
CityDublinCity
StateOHState
ZIP Code430172599ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$12,282,348GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website Addresswww.americanshare.comWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1974FormationYr
Legal Domicile StateOHLegalDomicileStateCd
Activity Or MissionProvide primary and excess share (deposit) insurance exclusively to credit unions.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee34TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$1,343,039TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$642,044NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,285,773PYInvestmentIncomeAmt
CY Investment Income$1,823,395CYInvestmentIncomeAmt
PY Other Revenue$11,962,941PYOtherRevenueAmt
CY Other Revenue$10,458,953CYOtherRevenueAmt
PY Total Revenue$14,248,714PYTotalRevenueAmt
CY Total Revenue$12,282,348CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,997,230PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,220,423CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$8,860,331PYOtherExpensesAmt
CY Other Expenses$6,441,001CYOtherExpensesAmt
PY Total Expenses$12,857,561PYTotalExpensesAmt
CY Total Expenses$10,661,424CYTotalExpensesAmt
PY Revenues Less Expenses$1,391,153PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,620,924CYRevenuesLessExpensesAmt
Total Assets BOY$229,637,859TotalAssetsBOYAmt
Total Assets EOY$236,145,031TotalAssetsEOYAmt
Total Liabilities BOY$39,689,621TotalLiabilitiesBOYAmt
Total Liabilities EOY$41,391,898TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$189,948,238NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$194,753,133NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTo provide primary and excess share (deposit) insurance to credit unions in accordance with its statutory authority under Ohio Revised Code Section 1761, as a member-owned, mutually organized share guaranty corporation, and the nation's largest non-federal insurer of consumer deposits.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$10,661,424ExpenseAmt
Revenue$9,115,914RevenueAmt
DescAmerican Share Insurance (ASI) provides primary and excess share (deposit) insurance to credit unions under Ohio Revised Code Section 1761, as a member-owned, mutually organized share guaranty Corporation, and the nation's largest non-federal insurer of consumer deposits. Approximately 150 member credit unions in 9 states were served by ASI in 2013 and the aggregate number of individual members in those credit unions insured by ASI is estimated to be approximately 1.3 million.Desc
Total Program Service Expenses$10,661,424TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign ActyYes (1)PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document53IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee34EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Curt Robson CO American Share InsuranceBusinessNameLine1
FieldValueIRS element (for citing)
Phone6147641900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15656 Frantz RoadAddressLine1
CityDublinCity
StateOHState
ZIP Code430172599ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Dennis R Adams
President/CEO45.0010.00Yes (X)Yes (X)$579,974$0$147,951
Craig M Bradley
Director1.001.00Yes (X)$15,500$0$0
Eric D Estes
Director1.000.00Yes (X)$15,500$0$0
Joseph S Fuller end 1213
Director1.000.00Yes (X)$13,500$0$0
William A Herring
Director1.000.00Yes (X)$16,000$0$0
Bruce A Ingraham end 413
Director1.000.00Yes (X)$5,000$0$0
Janice L Thomas
Director1.000.00Yes (X)$15,500$0$0
Kevin W Willour start 413
Director1.000.00Yes (X)$10,000$0$0
Curtis L Robson
VP Finance/Secretary & Treasurer45.0010.00Yes (X)$299,487$0$120,249
Kurt G Kluth
VP Information Technology45.0010.00Yes (X)$181,521$0$40,883
Kurt R Loose
VP Examinations & Insurance45.0010.00Yes (X)$257,665$0$41,671
Lori L Solberg
VP Sales/Marketing45.0010.00Yes (X)$168,571$0$33,352
David T Rudischum
Director Special Actions45.005.00$124,566$0$12,880Yes (X)
Mary E Barton
Controller45.0010.00$121,402$0$13,802Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,824,186TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$410,788TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K7IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
Deloitte & Touche
180 East Broad Street Suite 1400ColumbusOH432153763Audit and Tax$238,794
G Duane Welsh
10104 Brewster Lane Suite 150PowellOH43065Legal/Consulting$156,502
Lionel Sawyer & Collins
300 S 4th StreetLas VegasNV89101Legal$130,004
Towers Watson
8400 Normandale Lake Blvd Ste 170MinneapolisMN55437Actuarial Services$122,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,823,395TotalRevenueColumnAmt
Exclusion$1,823,395ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Primary Ins. Premiums524298$8,982,999$8,982,999
Management Fees541610$1,107,700$1,107,700
Excess Ins. Premiums524298$210,339$210,339

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$157,915TotalRevenueColumnAmt
Related Or Exempt Func Income$132,915RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$25,000UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$10,458,953OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,282,348TotalRevenueColumnAmt
Related Or Exempt Func Income$9,115,914RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,343,039UnrelatedBusinessRevenueAmt
Exclusion$1,823,395ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,962,324TotalAmt
Program Services$1,962,324ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,603,300TotalAmt
Program Services$1,603,300ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$205,195TotalAmt
Program Services$205,195ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$251,406TotalAmt
Program Services$251,406ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$198,198TotalAmt
Program Services$198,198ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$178,188TotalAmt
Program Services$178,188ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$432,460TotalAmt
Program Services$432,460ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$75,244TotalAmt
Program Services$75,244ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$354,193TotalAmt
Program Services$354,193ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$128,891TotalAmt
Program Services$128,891ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$124,402TotalAmt
Program Services$124,402ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$524,421TotalAmt
Program Services$524,421ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$123,658TotalAmt
Program Services$123,658ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$134,237TotalAmt
Program Services$134,237ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
Losses Incurred$3,666,000$3,666,000
Lobbying & Consulting$418,332$418,332
Other Insurance Expense$280,975$280,975

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,661,424TotalAmt
Program Services$10,661,424ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$34,125,075BOYAmt
EOY$32,703,385EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,602,323BOYAmt
EOY$4,101,964EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$622,670BOYAmt
EOY$551,950EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$182,653BOYAmt
EOY$163,773EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,725,389LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,996,870LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$750,878BOYAmt
EOY$728,519EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$159,715,897BOYAmt
EOY$170,975,819EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$21,119,205BOYAmt
EOY$21,314,098EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,519,158BOYAmt
EOY$5,605,523EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$229,637,859BOYAmt
EOY$236,145,031EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,974,621BOYAmt
EOY$4,230,898EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$36,715,000BOYAmt
EOY$37,161,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$39,689,621BOYAmt
EOY$41,391,898EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$155,520,266BOYAmt
EOY$158,509,344EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$34,427,972BOYAmt
EOY$36,243,789EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$189,948,238BOYAmt
EOY$194,753,133EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$229,637,859BOYAmt
EOY$236,145,031EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,620,924ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$194,890NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$2,989,081OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Expended527 Activities$0Expended527ActivitiesAmt
Internal Funds Contributed$9,900InternalFundsContributedAmt
Total Exempt Function Expend$9,900TotalExemptFunctionExpendAmt
Form1120 POL FiledYes (1)Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPaid Internal FundsPaidInternalFundsAmtContributions Rcvd DlvrContributionsRcvdDlvrAmt
California CU League PAC
2855 E Guasti Road Suite 500OntarioCA917611250942329967$6,800$0
California CU League PAC - Independent Expense Account
2855 E Guasti Road Suite 500OntarioCA917611250942329967$3,100$0
FieldValueIRS element (for citing)
Substantially All Dues NondedYes (1)SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I-C:FormAndLineReferenceDesc
ExplanationAmerican Mutual Share Insurance engages political campaign activities and lobbying that is limited, not a primary activity and is related to its exempt purpose.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$164,984OtherCostOrOtherBasisAmt
Book Value$164,984BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,221,320OtherCostOrOtherBasisAmt
Depreciation$822,426DepreciationAmt
Book Value$398,894BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,339,085OtherCostOrOtherBasisAmt
Depreciation$1,174,444DepreciationAmt
Book Value$164,641BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$728,519TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescInvestment in SubsidiaryDesc
Book Value$21,314,098BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$21,314,098TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Loss Reserves$37,121,000
Loss Adjustment Expense$40,000
FieldValueIRS element (for citing)
Total Liability$37,161,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,067,122TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$12,067,122RevenueSubtotalAmt
Investment Expenses Not Incld$172,179InvestmentExpensesNotIncldAmt
Other Revenues Not Included$43,047OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$215,226RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,282,348TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$10,446,198TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$10,446,198ExpensesSubtotalAmt
Investment Expenses Not Incld2$172,179InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$43,047OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$215,226ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$10,661,424TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X, Line 2:Per 2013 financial statement disclosures: As a tax-exempt organization, ASI is subject to income tax on activities that generate net income unrelated to its tax-exempt purpose of providing primary share insurance to its members. At December 31, 2013, ASI has unrelated business income tax (UBIT) loss carryforwards of approximately $12,937,000 that are available to offset future unrelated business income. No tax benefit has been recognized for these UBIT loss carryforwards since management has determined that none of the tax benefits will be realized. As of December 31, 2013, the Company is not aware of, and has no accruals for, any uncertain tax positions.
Part XI, Line 4b - Other Adjustments:Commission Gross-up 1,700. Depreciation on Building 41,347.
Part XII, Line 4b - Other Adjustments:Commission Gross-up 1,700. Depreciation on Building 41,347.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Dennis R Adams
President/CEO$369,384$0$69,190$0$141,400$0$139,727$0$8,224$0$727,925$0$118,162$0
Curtis L Robson
VP Finance/Secretary & Treasurer$233,609$0$46,000$0$19,878$0$105,573$0$14,676$0$419,736$0$0$0
Kurt G Kluth
VP Information Technology$152,713$0$16,000$0$12,808$0$26,910$0$13,973$0$222,404$0$0$0
Kurt R Loose
VP Examinations & Insurance$166,868$0$26,000$0$64,797$0$28,161$0$13,510$0$299,336$0$51,092$0
Lori L Solberg
VP Sales/Marketing$154,731$0$12,500$0$1,340$0$25,873$0$7,479$0$201,923$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 1aUnder the Company's Board Policy, first class airfare is permitted and paid for by the Company for officers and directors traveling on Company business. Board members may travel first class at anytime on Company business, while officers must travel more than three hours one way to be eligible for first class travel on Company business, subject to the approval of the CEO. Health club dues are reimbursable under the Company's Personnel Policy to all employees for 50% of the dues up to a maximum monthly reimbursement of $50 ($600 per year max) and these reimbursements are reported as taxable compensation to employees in their Form W-2. None of the listed persons in Part VII received health club reimbursements in 2013.
Part I, Line 4bAll Company officers are eligible to participate in the Company's 457(f) Deferred Compensation Plan in which the Company makes an annual contribution, in monthly installments, equal to a percentage of the participating officer's elective salary deferral into the Company's separate 457(b) Deferred Compensation Plan, based on the officer's years of service. The maximum amount that could be contributed into the 457(f) Plan for any participant during 2013 was $17,500. Participants vest every five years, based on their entry date, into a portion or all of the balance in the 457(f) Plan held by the Company for the benefit of the participant. Vested amounts in the 457(f) Plan are paid out to the officer within 30 days of vesting and reported as taxable compensation in the officer's W-2. During 2013, the following officers participated in the 457(f) Plan and are shown along with the Company's 457(f) Plan contributions and any amount paid out during the year. - Dennis R. Adams: $17,500 457(f) Deferral by the Company & $118,161 Paid to Participant - Curtis L. Robson: $17,500 457(f) Deferral by the Company & $0 Paid to Participant - Kurt G. Kluth: $17,500 457(f) Deferral by the Company & $0 Paid to Participant - Lori L. Solberg: $17,500 457(f) Deferral by the Company & $0 Paid to Participant - Kurt R. Loose: $17,500 457(f) Deferral by the Company & $51,091 Paid to Participant Two Company officers participate in separate Supplemental Deferred Compensation Agreements (Agreement), structured as 457(f) Plans. The plans pay out a multiple of two-times the officer's salary in 2016 and 2020, respectively. The plans are unfunded and an accrual is recorded by the Company each year. No amounts were paid under the Agreements in 2013.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 6The Company has only one class of membership, that of a "Participating Credit Union" as defined under both the Company's Code of Regulations and its governing statute (Ohio Revised Code Section 1761.01(J)). A Participating Credit Union remains in good standing (including its voting rights described below) as long as the Paticipating Credit Union has paid in full its Capital Contribution or any applicable premiums, fees or assessments (ORC Section 1761.07(F)). Each Participating Credit Union has one vote (ORC Section 1761.07(G)) and each Participating Credit Union has the same privileges, benefits and obligations of participation as all other Participating Credit Unions of the Company (ORC Section 1761.07(E)). Under the Company's Code of Regulations, an annual meeting of Participating Credit Unions is held within 120 days of year end at which meeting each Participating Credit Union may cast one vote in person or by proxy ballot, voting on Directors of the Company. Directors are elected for three-year terms and the terms are staggered so that approximately one-third of the Board seats are up for election each year. The number of Directors shall be set at not less than five (5) and not more than eleven (11) under the Code of Regulations. Participating Credit Unions may also have rights towards any net assets of the Company in the event of a dissolution of the Company, but only after settling any recorded, contingent and contractual liabilities, and all costs of dissolution (ORC Section 1761.10(H)).
Form 990, Part VI, Section A, line 7aSee Form 990, Part VI, Section A, Line 6 description in Schedule O above.
Form 990, Part VI, Section B, line 11The Form 990 was provided to the Company's Board of Directors as part of their advance management package for the telephonic Board meeting that occurred prior to filling the form and was reviewed in the presence of the CEO and CFO.
Form 990, Part VI, Section B, line 12cAs part of its Board Policy and Personnel Policy, the Company annually requires each Board member, member of management and all other Company employees to complete and sign its "Annual Acknowledgement of Business Conduct and Ethics and Disclosure of Potential Conflicts of Interest" form. The completed forms are retained by the Company and a summary of all responses is submitted to the Company's Board for their review and consideration, which was last done on February 28, 2014. The policies referred to above and the form itself also require that the Board member, management member and/or employee inform the Company promptly in writing of any change in the statement made in the signed forms. All new Directors, management members and employees are required to also complete and sign the form upon their start date. Board members must abstain from discussion and voting on any matters in which they have reported a potential conflict of interest.
Form 990, Part VI, Section B, line 15aThe compensation of the CEO is set by the Executive Compensation Committee of the Board ("Compensation Committee" or "Committee"), which meets as a committee of the whole Board (excluding the CEO). The Compensation Committee reviews the CEO's performance annually and prepares a formal written review of their findings. The Committee/Board also periodically (generally every two years) obtains an independent salary study, last prepared as of August 7, 2012 and August 19, 2014, by Pay Governance, an affiliate of Towers Watson, which provides salary data for all officer positions and most other Company positions. Once performed and available, the Committee reviews the salary study and accepts it as part of its deliberations, which are documented, along with the Committee's conclusions, in the Compensation Committee minutes. The salary study also provides data on bonuses for different positions, which is used by the Compensation Committee to arrive at the CEO's annual bonus award, if any. The CEO is given authority by the Board, under the Company's Board Policy, to set all other officer and employee salaries and bonus awards, and is subject to guidance provided within the independent salary study that is provided to the Board. During periods in which the independent salary study is not obtained (such as for 2011 and 2013, the "off cycle" years), the Company purchases specific salary information for its various positions. The review of the CEO's salary, bonus and other compensation matters was last performed by the Compensation Committee as of December 3, 2013 (for establishment of 2014 salary and 2013 bonus award); prior to that, an annual review was performed by the Committee on December 4, 2012 (for establishment of 2013 salary and 2012 bonus award). The CEO performed an annual performance review for all officers and annual salary and bonus determinations in early 2014/December 2013 and early 2013/December 2012.
Form 990, Part VI, Section C, line 19Any documents open for public inspection are available upon request.
Form 990, Part XI, line 9:Net Change in Participating Credit Union's Capital Contributions 2,989,081.
Form 990, Part XII, Lines 2a & 2b:Explanation of financial statements: The Company is the parent company of a consolidated group and had an annual independent audit performed by an independent accountant as of December 31, 2013 of its GAAP-basis consolidated financial statements, as well as a company-only (unconsolidated stand-alone) audit performed of its statutory-basis financial statements as of December 31, 2013. The Company has an Audit Committee of the whole Board of Directors that is responsible for the oversight of all of the Company's internal and independent audit activities and annually selects and appoints an independent audit firm.
Form 990, Part XI, Line 5:Other Adjustments to net assets or fund balances: The increase in fund balances of $3.183 million on Line 5 of Part XI, primarily represents a gross receivable of approximately $4.1 million (collected in the first quarter of 2014) for the Company's increase in its capitalization deposits due to growth in underlying credit union shares (all primary insured credit unions must maintain a capitalization deposit with the Company equal to 1.3% of its total shares capitalization rate which is billed annually at calendar year end, net of capitalization deposit refunds due for those credit unions whose shares declined during the year). This would be offset by a payable of $580 thousand for the Company's decrease in its capitalization deposits due to shrinkage in underlying credit union shares, so the net receivable is approximately $3.5 million. Also, the fund balance separately decreased (net) $0.5 million due to credit unions departing the fund in 2013 and increased $195 thousand due to unrealized gain from the earnings of the Company's wholly-owned subsidiary. These changes are approximately $3.2 million net increase in the fund balance.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Excess Share Insurance CorporationBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line15656 Frantz RoadAddressLine1
CityDublinCity
StateOHState
ZIP Code430172599ZIPCode
FieldValueIRS element (for citing)
EIN311383517EIN
Primary ActivitiesInsurancePrimaryActivitiesTxt
Legal Domicile StateOHLegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
Entity TypeCEntityTypeTxt
Share Of Total Income$175,896ShareOfTotalIncomeAmt
Share Of EOY Assets$50,662,638ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
Excess Share Insurance Corporation
L$1,106,000Cost Sharing Allocation Agreement
Excess Share Insurance Corporation
Q$1,319,996Cost Sharing Allocation Agreement

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