Overview
What is American Mutual Share Insurance Corporation?
American Mutual Share Insurance Corporation (AMSI) is a member-owned, mutually organized share guarantee corporation based in Dublin, Ohio. They provide primary and excess share insurance to credit unions, acting as the nation's largest non-federal insurer of credit union deposits, as per Ohio Revised Code Section 1761. In 2022, approximately 123 credit unions in ten states received services from AMSI, insuring an estimated 1.4 million individual members. Their mission is to protect credit unions through primary and excess share insurance, ensuring the security and stability of their deposits.
Official website here: www.americanshare.com
Is American Mutual Share Insurance Corporation legitimate?
American Mutual Share Insurance Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Mutual Share Insurance Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,682,056
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,415,742
For more financial information, click here
Official website here: www.americanshare.com
What is the mission statement of American Mutual Share Insurance Corporation?
American Mutual Share Insurance Corporation functions as a member-owned, mutually organized share guaranty corporation, dedicated to providing primary and excess share insurance exclusively to credit unions. In accordance with Ohio Revised Code Section 1761, the corporation serves approximately 123 credit unions in ten states, insuring an estimated 1.4 million individual members. As the nation's largest non-federal insurer of consumer deposits, American Mutual Share Insurance Corporation ensures the financial security of these credit unions, safeguarding the savings and assets of their members.
Official website here: www.americanshare.com
Who is the CEO of American Mutual Share Insurance Corporation?
Theresa M Mason is the President/Ceo (Begin 04/22) of American Mutual Share Insurance Corporation. The CEO's salary of American Mutual Share Insurance Corporation is $284,072 and their total compensation is $324,494.
Official website here: www.americanshare.com
What is the revenue of American Mutual Share Insurance Corporation?
American Mutual Share Insurance Corporation's revenue in 2022 was $14,373,728.
Official website here: www.americanshare.com
Who are the executives of American Mutual Share Insurance Corporation and what are their salaries?
The average compensation at American Mutual Share Insurance Corporation during 2022 was $136,593. There are 30 employees at American Mutual Share Insurance Corporation.
Here are 18 key members and their salaries (American Mutual Share Insurance Corporation's CEO's salary is $284,072 and their total compensation is $324,494):
- Dennis R Adams (President/Ceo (End 04/22)) [Trustee/Director]
- J Paul Mccaffrey (Cfo/Secretary/Treasurer (Begin 01/22))
- Kurt R Loose (Vp Examination & Insurance)
- Theresa M Mason (President/Ceo (Begin 04/22))
- Kurt G Kluth (Vp Information Technology)
- David W Kettlehake (Vp Sales & Marketing)
- Michael D Baswell (Sales Manager)
- Shawn Kessinger (Controller)
- Don E Gensler (Sales Manager)
- Chad E Waits (Audit & Examination Manager)
- Eva Chung (Assistant Controller)
- Christine K Haley (Vice Chair/Director)
- James C Miles (Director)
- Janice L Thomas (Director)
- Elizabeth A Calderone (Chair/Director)
- Kevin W Willour (Director)
- Scott Arkills (Director)
- Brad Swartzentuber (Director (Begin 12/22))
Official website here: www.americanshare.com
Where can I find the form 990 for American Mutual Share Insurance Corporation?
The American Mutual Share Insurance Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.americanshare.com
Learn more at the official website: www.americanshare.com
Mission Statement of American Mutual Share Insurance Corporation
American Mutual Share Insurance Corporation, or ASI, is a member-owned and mutually organized share guarantee corporation that provides primary and excess share insurance exclusively to credit unions. In accordance with Ohio Revised Code Section 1761, this non-federal insurer plays a vital role in safeguarding consumer deposits in credit unions.
ASI's mission revolves around insuring the deposits of credit unions to ensure financial security for their members. As the largest non-federal insurer of consumer deposits in the nation, it offers protection to approximately 123 member credit unions across ten states. This protection extends to an estimated 1.4 million individual members, all of whom rely on their credit unions for essential financial services. By providing this critical insurance service, ASI helps maintain the stability and trustworthiness of the credit union system.
The corporation's role is not only to secure the financial future of credit unions and their members but also to function as a mutual organization. This means that ASI is owned and controlled by its member credit unions, who share in the governance and decision-making processes. This unique structure fosters a collaborative and supportive environment where the needs of credit unions and their depositors are prioritized. By working together, ASI and its member credit unions can continue to serve their communities and provide essential financial services with confidence.
Impact
This information is meant to be a general summary of American Mutual Share Insurance Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
American Mutual Share Insurance Corporation's impact is significant in the financial sector as it provides primary and excess share insurance exclusively to credit unions. As the nation's largest non-federal insurer of consumer deposits, ASI plays a crucial role in ensuring the financial security of approximately 1.4 million individual members in credit unions across 10 states. By offering this essential insurance coverage, ASI helps to safeguard the savings and investments of credit union members, contributing to the overall stability and confidence in the credit union industry.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1974
Phone
(614) 764-1900
Principal Officer
Theresa M Mason
Main Address
5656 FRANTZ ROAD, DUBLIN, OH, 430172599
Website
www.americanshare.com
NTEE Category
Code: Y20 - Mutual benefit
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