For some credit unions, a stronger insurance product and service offering is worth the time and expense.
CUNA Mutual expert says about 20% of credit unions already have said yes.
Wall Street generally applauds the idea of shedding employees, and credit unions often worry when their employee-to-member ratio climbs.
Long Island agency specializes in business lines.
Lowest level in two decades of research, LIMRA says.
The $635 million Charter Oak Federal Credit Union has sold the assets of an insurance firm operating through its CUSO.
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.
The debut of a new financial "university" by HarborOne Credit Union to serve low- and middle-income communities has received praise from Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee.