Associated School Employees Credit Union recorded a year of significant financial growth in 2025, marked by record loan activity, rising deposits and expanded fraud-prevention efforts. The Austintown-based credit union reported gains across several key performance areas as it closed the year with its strongest balance sheet to date.
One of the most notable achievements was the largest loan production in ASECU’s history. During 2025, the credit union originated 2,587 loans totaling $97.5 million, surpassing the previous record set in 2024. That represented an increase of 905 loans and $41 million year over year.
“This historic level of loan activity reflects strong member demand, competitive products, and our continued commitment to helping members achieve their financial goals,” says Michael Kurish, president and CEO of ASECU.
Deposits also grew substantially. Total deposits reached $190 million at year’s end, up $18 million from the beginning of the year. That growth allowed ASECU to distribute more than $2.2 million in dividends, the largest amount paid to members in its 66-year history.
ASECU’s total assets climbed to a record $212 million, a 10.5% increase from the prior year. Net income rose 52%, enabling the credit union to add $2.3 million to its reserves and further strengthen its financial position.
Fraud prevention was another area of focus in 2025, as financial institutions nationwide faced increased scam activity. According to the Federal Trade Commission, U.S. consumers lost more than $12 billion to fraud in 2024.
In response, ASECU participated in fraud-prevention roundtables with other credit unions and law enforcement agencies and expanded staff training to identify suspicious activity.
The credit union also invested in additional security technology designed to detect imposters and fraudulent behavior.
Education remains part of that strategy. ASECU provides materials to members on how to avoid scams and continues to share fraud-prevention resources through its website and staff outreach.
“As we look forward to 2026, the Credit Union remains committed – together with our members – to delivering the best financial products and services, paired with an exceptional personal experience,” Kurish says. “We enter the coming year positioned for continued success and being the best place to save and the only place to borrow.”
