Insurance Agency will be improving Non-Cyclical Fee Income in 90 Days
EAST WINDSOR, CT (February 5, 2015) -- Insuritas, the nation’s premier provider of turnkey insurance agencies, announced it has partnered with Argent Credit Union ($203 million in assets) located in Chester, VA to transition the sales and servicing of its existing insurance agency to the Insuritas award- winning solution for the benefit of its 23,000 members.
Jeff Chesky, President and CEO of Insuritas, noted: The Credit Union’s leadership team recognized that Insuritas, with its E-InsuranceAISLETM, LoanINSURE® and SmartCART TechnologySM, will create a virtual ‘Insurance Aisle’ inside the Credit Union for their members and will provide a more robust source of non- cyclical fee income.”
Rose Gilliam, President /CEO of Argent Credit Union stated: “We are excited about the opportunity to partner with Insuritas and to provide our members with an even larger array of insurance options they might need in a one stop shopping solution. Through this partnership we continue to own the agency, offer a streamlined approach to insurance products that can protect our members, their families and their businesses while improving our fee income stream.” Gilliam concluded: “Enhancing our insurance agency supports our mission to be our members’ trusted financial partner for life.”
About Insuritas
Insuritas pioneered the deployment of BPaaS virtual “private labeled” insurance agencies that are integrated into bank and credit union operating environments – currently connected to over 3.5 million consumers and small businesses. The Insuritas solution, which is now installed in over 70 financial institutions, includes four core technology platforms that transform the shopping experience for millions of consumers for the insurance products they purchase and repurchase every year. Insuritas enables financial institutions to own an insurance agency solution without the significant capital investments required to build or buy an agency, or the inherent operational risks attendant to either of those approaches. Through a cost-effective outsourcing solution, financial institutions leverage Insuritas’ proven, end-to-end insurance agency solution. Click www.insuritas.com for additional information.
About Argent Credit Union
Argent Credit Union serves over 23,000 members and has assets of $203 million. Additional information is available at argentcu.org.