Notre Dame Federal Credit Union announces the opening of new insurance agency
Full Service Insurance Agency to Launch on July 1 Utilizing Insuritas Platform
East Windsor, CT (April 1, 2015) — Notre Dame Federal Credit Union (Notre Dame FCU) announced today that it will open a full service property and casualty insurance agency on July 1. The new agency, Shamrock Insurance Services, will be capable of serving over 57,000 members nationwide.
“We strive to provide our members with solutions to as many of their financial needs as possible,” said Notre Dame FCU President and CEO Tom Gryp. “That’s why we started Shamrock Insurance Services. Notre Dame FCU’s Board of Directors and management are committed to this insurance agency and saving our members money.”
“Shamrock Insurance Services will offer all lines of insurance products to protect our members, their families and small businesses. Through the state-of-the-art Insuritas digital agency platform, we will empower our members to obtain multiple insurance quotes instantly whenever they get a loan or their insurance policy bill in the mail,” he said.
Gryp concluded, “Our members look to us for a full array of financial products, combined with honest advice and education. Opening Shamrock Insurance Services as a full service insurance agency supports that commitment.”
Insuritas President and CEO Jeff Chesky noted, “Notre Dame FCU’s leadership has recognized that nearly all of their members buy insurance every year, and that providing a full suite of insurance products through Shamrock Insurance Services is a natural extension of their vision and further leverages the powerful brand equity and trusted relationships Notre Dame FCU has created in their market.”
Chesky added, “We will install our award winning E-InsuranceAISLETM, LoanINSURE® and SmartCART TechnologySM platforms, creating a virtual ‘Insurance Aisle’ inside Shamrock Insurance Services that will provide a powerful source of recurring, value added, non-cyclical fee income while helping more members save time and money on insurance.”
Insuritas pioneered the deployment of virtual “private labeled” insurance agencies that are integrated into bank and credit union operating environments – currently connected to over 4.0 million consumers and small businesses. The Insuritas solution, which is now installed in over 80 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 Notre Dame FCU
Notre Dame Federal Credit Union, headquartered in Notre Dame, Indiana, is a not-for-profit financial cooperative. With assets in excess of $470 million, Notre Dame FCU’s dedicated partners (employees), coupled with a wide array of financial services, provide members a personalized experience at the credit union’s nine convenient branch locations, its virtual branch (Shamrock Center), and through its robust online banking platform and mobile apps. From its humble beginnings in May of 1941, operating out of the night watchman’s office in the Main Building on the campus at the University of Notre Dame, Notre Dame FCU has grown into a national financial institution, serving over 57,000 members in all 50 states and throughout the world.