KEMBA Indianapolis Credit Union was chartered on October 9, 1933. KEMBA began in the State of Indiana to serve the employees of The Kroger Company and their families. In fact, KEMBA stands for Kroger Employee Mutual Benefits Association.
KEMBA has since expanded our membership to include anyone that lives or works in the following Central Indiana counties:
KEMBA Credit Union utilizes ASI to insure each member account up to $250,000, regardless of how many accounts one member holds. Since 1974 the name ASI has been interchangeable with strength and trust, and it’s hard to argue with their results because no credit union member has ever lost money in an ASI-insured account.
ASI insures accounts for more than 1.2 million credit union members, including those at KEMBA Credit Union. Unlike other financial insurance providers, ASI is very careful about the clientele it chooses. It only insures credit unions that carry minimum risks. They will not insure credit unions that are heavily invested in mortgage-backed securities, exotic investments or risky investments that have a history of failure.
Working with an ASI-insured credit union should give you peace of mind for two reasons. One, your assets are safely insured by ASI when you put it in a KEMBA Credit Union account. Two, ASI wouldn’t insure KEMBA Credit Union if our business practices weren’t in line with their risk reduction strategies.