REDWOOD CITY, Calif. – Provident Credit Union has selected Holyoke, Massachusetts-based turnkey insurance provider Banc Insurance Service Inc. to help its CUSO Provident Service Corporation offer members a fully operational insurance agency within months. The move is part of BIS' strategic "western expansion" plan and establishes the company's coast-to-coast presence. Under the arrangement, Provident Service Corporation members will have access to a full array of insurance products and services from national carriers. The CUSO will own the member policies and member renewals while BIS manages the business and operational risk.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.