To provide a wider array of insurance programs to its members,UNFCU Financial Services LLC said it has acquired IndustrialCoverage Corp., a privately held commercial and personal insuranceagency.

UNFCU Financial is a wholly owned subsidiary and CUSO of the$3.7 billion United Nations Federal Credit Union in Long Island City,N.Y.

Under terms of the deal, UNFCU Financial, through its InsuranceCentre, will significantly enhance its product and servicecapabilities for its members in the United States who are theactive and retired staff of the United Nations community and theirfamilies, according to the CUSO.

The Patchogue, Long Island, N.Y.-based ICC will continue tooperate under the Industrial Coverage Corp. name, serving itsexisting and new clients directly, UNFCU Financial said.

Among ICC's lines are auto and property insurance for businesseswith business income interruption, general liability, property ofothers and crime insurance included in their suite of businessowner policies.

Founded in 1958 by Michael J. Romeo, ICC is a family-ownedinsurance agency. The firm said it serves more than 3,500 clientsand will remain in Patchogue along with three generations of theRomeo family and more than 20 other ICC professionals.

“We will remain a family agency, but are just part of a largerfamily,” said Joseph M. Romeo, president of ICC, who with hisbrother Michael A. Romeo Sr., executive vice president, willcontinue in leadership roles.

With the acquisition, UNFCU Financial said it will have moreleverage with and access to insurance carriers and products forpersonal insurance, as well as to comprehensive business insurance,an ICC specialty area and one the CUSO plans to enter.

The full integration of the two organizations will be completedwithin the next 30 days, according to UNFCU Financial.

William Predmore, president/CEO of UNFCU, said the combinationof the organizations will drive growth and position CUSO as aregional force in the insurance brokerage industry.

“We are known across the industry and our membership for ourlong history of innovation and I could not think of a better way tobegin 2013 than by delivering more options and resources in theservice of risk management for our members and their familiesstateside,” Predmore said.