ABOUT ASI
Protecting Credit Unions Since 1974
Sound underwriting and business-centric risk management policies have enabled American Share to successfully provide a strong, dependable private insurance option to credit unions for over 50 years. At the heart of our business model is our belief in the right of credit unions to meet the needs of their members without undue outside interference in day-to-day operations.
The Power of Private Insurance
Business-minded and member-focused. Here to help our credit union partners succeed.
Insurer NOT Regulator
ASI’s focus is on the safety and soundness of the credit union, leaving regulatory oversight to the individual state credit authority.
Member-Owned
ASI is a credit union-owned share insurance fund. Our Board of Directors and Advisory Council are comprised of current and former Presidents and CEOs of our member credit unions, ensuring that our membership has a voice in our operations.
Financially Sound
Our financial statements are audited annually by Deloitte & Touche, LLP. In addition to our history of low loss ratios and high equity levels, no member has ever lost money in an American Share-insured credit union account.
Dual Regulated
ASI is licensed by the Ohio Department of Insurance and dual regulated by the Ohio Departments of Insurance and Commerce, as well as supervised by credit union regulators in our other states of operation.
The Credit Union Advantage
Connect with us to learn about ASI and how your credit union can get more coverage, flexibility and partnership through private share insurance.
Our Values
Mission Statement
“To proudly protect and empower credit unions to succeed in their unique missions.”
Vision Statement
“To be the partner of choice by creating innovative solutions and fostering collaborations, while providing peace of mind.”
Executive Leadership Team
Meet Theresa Mason
ASI Chief Executive Officer & President
Ms. Mason spent 16 years with Grange Insurance and the Kansas City Life Insurance Company. During her tenure there, she served as President of Grange Life Insurance and directed highly effective finance, operations, sales, and IT Teams. She is a CPA and also carries her CMGA (Chartered Global Management Accountant). Ms. Mason also holds affiliations with the American Institute of Certified Public Accountants (AICPA) and the Ohio Society of CPAs.
Kurt Loose, CPA
Senior Vice President & Chief Operations Officer
Mr. Loose is responsible for the oversight and management of all of American Share’s underwriting, monitoring, field examination and credit union resolution functions. He also manages the recruiting, training and supervision of the audit and examination staff.
Jeff Siefker, CPA
Chief Financial Officer
Mr. Siefker has decades of experience in accounting and in the Insurance industry, serving in a variety of Risks, Audit and Advisory, and Financial Reporting roles. He is responsible for the oversight of ASI’s internal accounting and reporting, external audited financial statements, investment portfolio management, and various regulatory reporting requirements. He also provides critical thought leadership on a variety of projects, with an emphasis on capital growth and preservation, and improved operating efficiencies.
Kurt Kluth
Chief Information Officer
Mr. Kluth serves as American Share’s Information Technology leader and oversees the central IT organization. He is responsible for all aspects of American Share’s information technology policies, systems, and risk management. Additionally, Mr. Kluth provides vision and leadership for developing and implementing information technology initiatives.
David Kettlehake
Vice President of Sales & Marketing
Mr. Kettlehake is charged with the oversight and management of American Share’s sales team and all other sales and marketing functions, including advertising and tradeshow activities. Additionally, Mr. Kettlehake provides leadership and direction in developing and implementing unique sales tools, methods, and policies.