GROTON, Conn. – Charter Oak Federal Credit Union has expanded its insurance reach with the purchase of local property and casualty agency The Insurance Professionals Inc. (TIPS) by its subsidiary SCCT, LLC. “TIPS further diversifies the credit union and allows us to offer a broader scope of financial services to our members and other credit unions throughout the state,” said Charter Oak FCU President/CEO Larry K. Hertell. In business since 1986, TIPS brokers both personal and commercial lines of insurance. Plans are underway to eventually have onsite insurance agents at a few of the larger Service Centers. Given its reputation and name recognition in the community, the TIPS name will not be changed when the credit union starts marketing its insurance services.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.