The Rundown

  • ASI FCU has focused on helping lower-income members meettheir financial needs from its very beginning.
  • Members have coped with a 'triple whammy': HurricaneKatrina, the Great Recession and the Deepwater Horizonexplosion.
  • The credit union serves 80,000 members spread across SouthLouisiana, and in New Orleans fully half of those are Latino orVietnamese.

ASI Federal Credit Union became a low-income credit union beforethe low-income credit union designation, or even the NCUA,existed.

Chartered in 1961 to serve the blue collar shipbuilders and dockworkers at the Avondale Shipyard, Inc. (now owned by NorthrupGrumman), the now $293 million credit union has focused on helpinglower-income members meet their financial needs and advance theirfinancial lives from the very beginning.

“Working with lower-income members and the underserved is almostpart of our DNA as an organization,” explained Sarah Taylor,executive vice president with ASI.

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