ASI Federal Credit Union was chartered in 1961 on the grounds of Avondale Shipyards and has grown to include over 75,000 members, making ASI the largest Louisiana-based credit union in terms of membership. ASI now offers fifteen branch locations in five parishes. ASI FCU has built a reputation of soundness, stability, and community stewardship, and has been recognized as an Opportunities Finance Network Wachovia NEXT semi-finalist, the CDFI Fund, the Annie Casey Foundation, the Woodstock Foundation, the National Federation of Community Development Credit Unions and the Louisiana Credit Union League for its leadership and innovation in serving underserved communities. A Shared Initiative, Inc. Nonprofit (ASII) was created by ASI Federal Credit Union (ASIFCU) following Hurricane Katrina as the community development/anti-poverty arm of the credit union. ASII is focused on increasing access to financial education and resources for individuals, families, small businesses, and other non-profits throughout New Orleans and southeast Louisiana. ASI Federal Credit Union's mission is to strengthen the financial health of underserved communities through financial services and education.