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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Eyes Wide Open to Credit Unions

[ 0 ] July 26, 2019 |
Eyes Wide Open to Credit Unions

CU QUICK FACTS IAACU Data as of 06.30.19 HQ: Bloomington, IL ASSETS: $261.6M MEMBERS: 16,773 BRANCHES: 3 12-MO SHARE GROWTH: 3.3% 12-MO LOAN GROWTH: 5.2% Periodically I find myself in a casual non-work discussion which eventually touches on what I do for a living. As I try to explain what a credit union is, the […]

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Your First Choice

[ 0 ] April 22, 2019 |
Your First Choice

IAACU QUICK FACTS Data as of 03.31.19 HQ: Bloomington, IL ASSETS: $264.3 Million MEMBERS: 16,630 12-MO SHARE GROWTH: 5.36% 12-MO LOAN GROWTH: 1.01% Throughout our lives we are presented with many choices. Sometimes we are fortunate enough to examine options and pick our “first choice”. Other times the “choice” is made for us. For example, […]

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Living the IAACU Mission

[ 0 ] January 23, 2019 |
Living the IAACU Mission

IAACU QUICK FACTS Data as of 12.31.18 HQ: Bloomington, IL ASSETS: $252.4 Million MEMBERS: 16,525 12-MO SHARE GROWTH: 4.67% 12-MO LOAN GROWTH: 0.67%   The IAA Credit Union’s mission is to “Build Financial Relationships to Enrich Members’ Lives.” This statement is important because it articulates the purpose of this institution to our team, to our […]

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Exclusive Membership

[ 0 ] 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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