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Mounting Losses Forces Arrowhead to Sell Insurance CUSO

Plagued with losses and the inability to turn a profit, the $851 million Arrowhead Credit Union said it has sold its insurance subsidiary, Sawyer Cook Insurance.

By Michelle A. Samaad | Updated on March 03, 2010

Plagued with losses and the inability to turn a profit, the $851 million Arrowhead Credit Union said it has sold its insurance subsidiary, Sawyer Cook Insurance.

On Feb. 26, the firm was sold to another insurance company with offices in California and Colorado, Arrowhead CU CEO Larry Sharp confirmed with Credit Union Times. The sale price and name of the buyer was not disclosed.

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