Some small credit unions are deciding not to offer group health insurance to employees, according to the 2014-2015 CU Staff Benefits Report released by CUNA Nov. 13.
The CFPB proposes new disclosure requirements but stops short of mandating deposit insurance.
Hurricane season is in full swing and winter storms are right around the corner.
For some credit unions, a stronger insurance product and service offering is worth the time and expense.
Building a stronger presence within the insurance sector may also be worth the effort because it keeps members close to home.
CMG offers the new product through its TruStage program.
Read how credit unions are protecting themselves from the risk of a student loan bubble.
The firm's TruStage program paid more than $66M in noninterest income to credit unions last year.
A South Carolina credit union generates revenue with its own insurance business.
Read how a $694M credit union's successful insurance business provides a reliable non-interest income stream.