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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Exclusive Membership

[ 1 ] October 12, 2018 |
Exclusive Membership

IAACU QUICK FACTS Data as of 09.30.18 HQ: Bloomington, IL ASSETS: $247.4 M MEMBERS: 16,486 12-MO SHARE GROWTH: 4.38% 12-MO LOAN GROWTH: -1.27% The August 2018 Credit Union National Association (CUNA) “Monthly Aggregates Report” indicated that 117 million Americans now belong to one or more of the Nation’s 5,596 credit unions. These credit unions aggregately […]

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Zero-Percent Financing

[ 0 ] July 11, 2018 |
Zero-Percent Financing

IAACU QUICK FACTS Data as of 06.30.18 HQ: Bloomington, IL ASSETS: $251.3 M MEMBERS: 16,673 12-MO SHARE GROWTH: 5.77% 12-MO LOAN GROWTH: 0.74% Periodically, people will ask me if “zero-percent financing” is a good thing. The obvious answer is a resounding YES – if you can truly get 0%. The catch is that there is […]

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The Banking Revolution

[ 0 ] April 11, 2018 |
The Banking Revolution

IAACU QUICK FACTS Data as of 03.31.18 HQ: Bloomington, IL ASSETS: $249.6 M MEMBERS: 16,553 12-MO SHARE GROWTH: 4.78% 12-MO LOAN GROWTH: 3.84% The Banking Revolution There is some controversy as to the location of the world’s first bank; some cite the Taula de la Ciutat in Barcelona, Spain while others contend that it was […]

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Thoughts on “Winning”

[ 0 ] January 22, 2018 |
Thoughts on “Winning”

There seems to be a surging interest in “winning” by business strategists and authors of recent articles and books. As a self-identified runner, I can most clearly relate winning to running. When I first started running, winning was defined as just giving my maximum effort; my only adversaries were the clock and miles. Winning became […]

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Protecting Your Identity and Finances in Light of the Equifax Breach

[ 0 ] October 16, 2017 |
Protecting Your Identity and Finances in Light of the Equifax Breach

The staff at IAACU has received a lot of questions regarding the recent Equifax data breach.   Though there have been many high profile breaches (Target, Ebay, JP Morgan Chase, Home Depot – to name a few), this one seems unprecedented due to the number of people affected combined with the amount and type of personal […]

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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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