The number of affluent who turn to their credit union or bank for their investment and insurance needs is low, according to a Prudential Financial study.
Members of Hanscom Federal Credit Union will have another resource to turn for their insurance needs.
While credit unions weathered the recession better than large banks, they are searching for new sources of revenue to counterbalance slow loan business and potential losses on the debit card side resulting from the interchange fee cap.
Saugus Financial Insurance Agency LLC President David A. LeBlanc has retired.
Once majority-owned by CUNA Mutual Group, the acquisition of CUMIS Group Ltd. was completed on Dec. 31, the company's buyers Canada-based Central 1 Credit Union and Co-Operators Life Insurance Co. said.