Insuritas, a firm that aids credit unions and banks in setting up their own insurance agencies, said it recently completed a $10 million capital raise.
NASHVILLE, Tenn. — Two educational breakout sessions at NAFCU’s annual conference provided ideas to produce fee income that also increase membership value.
Insuritas adds four credit unions to its client list.
The practice of selling insurance has changed, according to Insuritas President/CEO.
Members of the $314 million Neighborhood Credit Union who experience a reduction in their income can now temporarily walk away from their auto loan.
To meet the insurance needs of its members, Hanscom Federal Credit Union has opened its own insurance agency.
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.
Through a new partnership with CUSO Financial Services LP, Coastal Federal Credit Union is looking to build on its investment program that’s been in place for more than a decade.