ASECU Increases Assets, Loans and Membership

AUSTINTOWN, Ohio – Associated School Employees Credit Union, one of the last locally owned and operated financial institutions in the Mahoning Valley, ended 2022 with more than $12 million in asset growth and 14,000 members. Loans also grew by 21%. 

In addition to offering members a seamless lending experience and low interest rates, ASECU expanded its indirect lending program last year by serving current and new members at auto dealerships throughout the area.

Additionally, ASECU improved its online and mobile presence. An updated website will roll out this year. It was designed to include new features such as online account opening and loan origination – from application to funding.

“At ASECU, we pride ourselves on being small enough to know our members by name but big enough to provide all the same new technology of a bigger institution,” says Michael J. Kurish, president/CEO.

The credit union employs 30. It offers savings and checking accounts, IRAs, CDs and lending products.

“ASECU is committed to providing the best service possible for our members. This includes not only our exceptional local service, but also providing all the newest technology,” says Kurish. Most people today are interested in convenience,” he continues. “In 2023, ASECU plans to add even more features to our already robust product line to make banking with us more convenient than ever.”

Augmenting the G. Howard Schreve Memorial Scholarship, the credit union last year announced the creation of the Edison B. Lugibihl Memorial Scholarship. Both awarded grants to two deserving high school seniors.

ASECU continues to partner with Junior Achievement and to support the North Eastern Ohio Children’s Rehabilitation Center, Youngstown State University, Austintown Township Park, South Range Local Schools and Adaptive Sports Ohio.  

The credit union was established in 1959.

Copyright 2024 The Business Journal, Youngstown, Ohio.