At one point, members of SRP Federal Credit Union had access to a hodge-podge of insurance products from different carriers offered through a bevy of third-party vendors.
The $694 million credit union in North Augusta, S.C., said it wanted more as its 103,678-member base continued to expand across the state and into Georgia. The goal was to build a comprehensive suite of insurance products to protect members, their families and their small businesses, according to Ed Templeton, president/CEO of SRP.
One of the main differences this time around was inviting multiple carriers to bid on a member's auto, home and business insurances to ensure that the best combination of price and coverage for the insurance they need to buy, year in and year out.
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