|• Directors & CEOs Leadership Convention |
American Share Insurance (ASI) is exhibiting at the 37th Directors & CEOs Leadership Convention, August 5-8, at the Palazzo, Las Vegas, NV. Attendees are invited to visit with company representatives at the ASI booth (#111) throughout the event.
• 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. Lauren Little has joined American Share Insurance as a Staff Auditor, effective June 30, 2014. Lauren is a recent graduate of Bowling Green State University where she earned a Bachelor of Science degree in Business Administration (specialization in Accounting and Finance), as well as a Masters of Accountancy degree.
• ASI's FHLB Legislation Passes U.S. House of Representatives
The U.S. House of Representatives showed its support of ASI-sponsored legislation (H.R. 3584) by passing the bill on May 6, 2014, by a recorded vote of 395 to 0. If enacted, this legislation would allow privately insured credit unions the right to seek membership in the Federal Home Loan Bank system (FHLB). This overwhelming support is encouraging to ASI as we move our attention to the U.S. Senate. ASI has two strong sponsors in the U.S. Senate: Senator Sherrod Brown (D-OH) and Senator Rob Portman (R-OH). ASI will continue to keep its member credit unions informed of the progress of the Senate bill (S. 1806). We thank our insured credit unions and all those involved for your support and patience as we seek to secure passage of this important legislation during this 113th U.S. Congress.
• A Milestone Achieved – ASI's 40th Anniversary!
May 7, 2014 marks the 40th anniversary of the founding of American Share Insurance (ASI) – originally established by credit union activists as the Ohio Credit Union Shareholders Guaranty Association (OCUSGA). Back in 1974, the company held its first incorporators meeting in Dayton, Ohio, creating this private insurance fund as a viable alternative to federal insurance – ASI Business... Not Bureaucracy! For 40 years and counting, the company continues to successfully insure consumer savings on deposit with state-chartered credit unions in selected states. Happy 40th Anniversary, ASI!!!
• 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 .