Author Archive: Sean Wells, CEO

Sean has held the position of Chief Executive Officer at the IAA Credit Union since June of 2005. In this position, he is responsible for the overall management of the $200 million financial institution, assuring financial strength while providing maximum value to its members. Also, he ensures that the Credit Union complies with all State and Federal laws and operates within the policies and expectations of the IAACU Board of Directors.

He is a 1986 graduate of Illinois State University where he received a Bachelor of Science Degree in Agribusiness with a minor in Economics. He has also completed the coursework and received the CPCU, ChFC and CLU insurance industry designations. Sean served a combined 20 years in the United States Air Force and Air National Guard as an Aircraft Maintenance Officer retiring in 2002 at the rank of Major.

Sean and his wife Kim have five children and reside northeast of Eureka, Illinois in Woodford County.

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The American Dream!

[ 0 ] July 12, 2017 |
The American Dream!

The American Dream has been called the “National Ethos of the United States.”  It is a set of ideals which lead to the opportunity for prosperity and success.   Within that dream is the idea that we can all attain success through hard work because America poses far fewer barriers and many more opportunities than anywhere […]

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IAA Credit Union is Growing

[ 4 ] April 17, 2017 |
IAA Credit Union is Growing

IAA Credit Union is growing! Ten years ago (2007) we closed-out our first-quarter financials with $116 million in managed assets and 12,829 members.  This was soon after I had started and just before the “Great Recession” which officially started in December of that year.   As we close the first quarter of 2017, I’m happy to […]

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Fintech @ IAACU

[ 0 ] January 10, 2017 |
Fintech @ IAACU

Fintech apps (Financial Technology Applications) like Apple, Samsung and Android Pay are changing the way we buy stuff. For example, you can now merely hold your smart watch or phone near the Card Reader at one of over 11 million locations accepting Apple Pay and you’ll be on your way – quick and convenient.  And […]

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Mid-Year Update

[ 0 ] July 18, 2016 |
Mid-Year Update

As I write this article your IAACU team is busy evaluating and recording second quarter results. Since we are a financial cooperative and you are our owners, I thought it appropriate to communicate how we evaluate the performance of your Credit Union. Measures used to evaluate performance are divided into two broad categories: 1) Net […]

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Financial Literacy Leads to Financial Well-Being

[ 0 ] April 18, 2016 |
Financial Literacy Leads to Financial Well-Being

Financial Literacy Month is not just about financial literacy—it’s also about financial well-being. April is National Financial Literacy Month, a good time to emphasize IAACU’s commitment to helping our members lead stable and healthy financial lives.  IAACU’s Mission Statement is: “Serve Our Members and Advance Their Financial Well-Being.”  Perhaps the ultimate measure of the success […]

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Small Enough to Listen, Large Enough to Deliver

[ 0 ] January 7, 2016 |
Small Enough to Listen, Large Enough to Deliver

“Small Enough to Listen, Large Enough to Deliver” – This is the tagline for a construction company whose site I ran across some time ago on the internet.   There was something about this message that made it personal, relevant and compelling enough that I copied it in my ever-present daily planner.   The message of this […]

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Don’t Get Scammed

[ 0 ] October 7, 2015 |
Don’t Get Scammed

We recently received a notice from one of our business partners warning us that they have noticed a significant spike in wire transfers being sent involving online dating, also known as “Romance Fraud Schemes”. In most cases, the fraudsters spend months establishing an online relationship with individuals to build trust. Eventually, the fraudster requests money for travel […]

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