CUNA Mutual, State National Renew Insurance Pact
State National Companies, a provider of collateral protection insurance programs, said it has extended its contract with CUNA Mutual Group.
The deal that will offer CPI to credit unions represented the second renewal of the alliance contract since the two companies first joined forces in 2009, according to State National in Bedford, Texas.
The new contract period is July 2015 through July 2018.
With lending clients in 49 states, State National said it writes over $820 million in premium annually across its lender services and program services divisions.
In February, CUNA Mutual and State National announced a collaboration to provide credit union members coverage available through CUNA Mutual’s TruStage auto insurance program.