DUBLIN, Ohio — American Share Insurance President and CEO Theresa Mason plans to retire in spring 2027, with longtime ASI executive Kurt Loose selected to succeed her, the company announced.
ASI’s board unanimously appointed Loose, currently senior vice president and chief operations officer, as president and CEO-elect. He will become president and CEO effective April 15, 2027.
Loose has been with ASI since 1998 and has served in several leadership positions during his 28-year career with the company. He has been senior vice president and chief operations officer since 2022.
‘Incredibly Proud’
“We are incredibly proud of what has been accomplished under Theresa’s leadership,” ASI Board Chairman James Miles said in a statement. “ASI has gained strong momentum surrounding strategic growth, revenue diversification, and financial stability at a time when interest in private deposit insurance has accelerated to meet the evolving needs of credit unions and their members.”
ASI said Loose has worked with credit union leagues, legislative leaders and industry trade organizations on initiatives supporting credit unions. As a member of ASI’s senior leadership team, he also has worked with its board and advisory council on the company’s strategic direction.
Loose holds an MBA from Capital University and a bachelor’s degree from Bowling Green State University. He also has served on the Nationwide Children’s Hospital Development Board for 18 years.
‘Incredible History’
“ASI has an incredible history, a solid foundation, and a significant role to play in the future of the credit union movement,” Loose said in a statement. “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.”
Loose will work with Mason during a structured transition period ahead of taking over as CEO, ASI said.
ASI is a member-owned share guaranty corporation licensed by the Ohio Department of Insurance and regulated by the Ohio departments of Insurance and Commerce. It provides private share insurance of up to $250,000 on each account of an individual member at an insured credit union.
