American Share Insurance (ASI) is making moves.
The organization just rolled out its succession plan, and if you’re in the credit union world, this one matters. After years of steering the ship, President & CEO Theresa Mason is planning to retire in spring 2027—but not before ensuring a smooth handoff to someone who knows ASI inside and out.
Enter Kurt Loose, the newly appointed President & CEO-Elect. If that name sounds familiar, it’s because Loose has been with ASI since 1998. That’s right—28 years of institutional knowledge, relationship building, and probably knowing where all the good coffee spots near the office are located. He’s currently the Senior Vice President & Chief Operations Officer, a position he’s held since 2022, and he’ll officially take the reins on April 15, 2027.
A Leadership Transition Done Right
Board Chairman James Miles didn’t mince words about Mason’s impact: “We are incredibly proud of what has been accomplished under Theresa’s leadership.” Under her watch, ASI has built serious momentum around strategic growth, revenue diversification, and financial stability—all while interest in private deposit insurance has been heating up across the credit union landscape.
This isn’t a “here’s your gold watch, good luck everyone” situation. The transition includes a structured period where Mason and Loose will work side by side, ensuring continuity for ASI’s affiliate companies, employees, partners, and the credit unions they serve. It’s the kind of thoughtful planning that should give everyone involved a reason to breathe easier.
Who Is Kurt Loose?
Beyond his nearly three-decade tenure at ASI, Loose has been an active voice in the credit union movement. He’s worked with credit union leagues, legislative leaders, and industry trade organizations to push initiatives forward. As part of the senior leadership team, he’s already been collaborating with the Board of Directors and Advisory Council on strategic direction—so this isn’t exactly a cold start.
His credentials don’t stop at the office door, either. Loose holds an MBA from Capital University and a Bachelor of Science from Bowling Green State University. He’s also dedicated 18 years to serving on the Nationwide Children’s Hospital Development Board, which speaks to a commitment that extends well beyond the balance sheet.
What’s Next for ASI
“ASI has an incredible history, a solid foundation, and a significant role to play in the future of the credit union movement,” Loose said about his appointment. “I am honored by the confidence the Board has placed in me, and I look forward to working alongside our Board, employees, partners, and the credit unions we serve.”
Translation: ASI isn’t slowing down. With Loose at the helm and a clear succession strategy in place, the organization is positioning itself to keep supporting credit unions as they navigate an evolving financial landscape. And with two years of transition time built in, they’re doing it the right way—no drama, just solid planning.
So mark your calendars for April 15, 2027. That’s when this carefully orchestrated leadership transition becomes official, and ASI enters its next chapter with someone who’s been part of the story for nearly three decades.