Charter Oak to Keep Alliance After Insurance Firm Sale
The $635 million Charter Oak Federal Credit Union said it will continue to work with the company that recently bought an insurance owned by one of its CUSOs.
Charter Oak in Groton, Conn., sold the assets of Charter Oak-The Insurance Professionals to Smith Brothers Insurance, a Glatonsbury, Conn.-based insurance advisor and agent firm with more than 100 employees. The sale price was not disclosed. The Insurance Professionals was previously owned by SCCT, a CUSO of COFCU.