• Bartolomucci Named Chair of CFPB Credit Union Advisory Council
Rose Bartolomucci, President/CEO of ASI primary insured Towpath Credit Union (OH), has been appointed as Chair of the Consumer Financial Protection Bureau (CFPB) Credit Union Advisory Council. She leads the CFPB's 16-member Credit Union Advisory Council, which is comprised of credit union executives throughout the U.S. The Council provides input from the unique perspectives of credit unions, to CFPB Director Richard Cordray and his leadership team. They offer guidance on rulemaking, policy development, regulating consumer financial products or services, and the impact credit unions have on their members and communities.
• ASI at the CA/NV CU Leagues' 2014 Annual Meeting
Join American Share Insurance (ASI) at "REACH" – the California and Nevada Credit Union Leagues' 2014 Annual Meeting, October 20-22, at the JW Marriott L.A. LIVE Hotel, in Los Angeles, CA. ASI is sponsoring and exhibiting at this year's event and company representatives will be available at the ASI booth (#714) throughout the convention.
• ASI Adds to Audit/Examination Staff
Kurt Loose, Vice President of ASI's Examination & Insurance Department, has announced the hiring of a new employee to his audit staff. Tyler Arnott has joined ASI as a Staff Auditor, effective October 6, 2014. Tyler is a graduate of Bowling Green State University where he earned a Bachelor of Science degree in Business Administration (specialization in Finance) in May 2013, and a Master of Business Administration degree in August 2014.
• ASI Members Will Not Be Charged a Special Premium Assessment in 2014
Dennis Adams, President/CEO of American Share Insurance (ASI), has informed its insured member credit unions that there will be No Special Premium Assessment (SPA) in 2014. Mr. Adams reports, "The ASI Board of Directors determined at this time there is no need to collect an SPA for 2014 from its insured credit unions. After reviewing the Company's favorable results to date – and as forecasted for the balance of the year – the Board concluded that the SPA would not be necessary in 2014." to read more from ASI's news release about this topic.
• ASI Fact Sheet Revised and Available Online
"Strength & Trust - Your Insured Funds," an ASI fact sheet, presents a summary of pertinent information about the corporation and its primary deposit insurance program available to credit unions. The document has been updated recently and you and your credit union members can download the current version from the lower left of this ASI web page, or .