Texas Credit Union Converts to Private Insurance

Texas Credit Union Converts to Private Insurance 150 150 American Share Insurance

DUBLIN, OHIO, March 6, 2023 ‐ American Share Insurance is pleased to announce that as of February 28,2023, the $240 million InvesTex Credit Union has converted from federal to private share insurance provided by American Share Insurance (ASI).

Said Keith Kearney, President and CEO of InvesTex Credit Union, based in Humble, Texas, “We appreciate the terrific support and guidance provided by the folks at ASI while working with our team both on‐site and remotely to complete this process. It was successful by every measure, and we are excited about the greater resources now afforded our members. Awesome job by all!”

Just like credit unions are owned by their members, ASI is owned by the credit unions it insures. ASI provides “Coverage Without Limits,” and insures more than 1.3 million members and $22 billion in shares in ten states. ASI’s main goal is to help their member credit unions grow and prosper.

American Share is a share guaranty corporation, licensed by the Ohio Department of Insurance, and dual-regulated by the Ohio Departments of Insurance and Commerce. The corporation insures up to $250,000 on each and every account of an individual member.

For more information, please contact David Kettlehake at [email protected], or 614.973.7750.

A credit union-owned share insurance fund protecting credit unions and their members for nearly 50 years.


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