Press
People’s Trust Federal Credit Union hires Insuritas to launch insurance agency
EAST WINDSOR, CT (July 1, 2014) — Insuritas, the nation’s premier provider of turnkey insurance agencies, announced it has been hired by People’s Trust Federal Credit Union ($450 million in assets) located in Houston, TX to install its award-winning insurance agency solution for the benefit of its almost 26,000 members.
Jeff Chesky, President and CEO of Insuritas, noted: “People’s Trust Federal Credit Union’s leadership
recognized that 100% of their members buy insurance every year, and that providing insurance products
to their members is a natural extension of their core business and leverages the powerful brand equity
and trusted relationships they’ve created in the market.” Chesky added “Our deployment team will have
People’s Trust FCU’s full service insurance agency operational in 90 days. People’s Trust FCU’s
leadership team concluded that Insuritas, with its E-InsuranceAISLE™, LoanINSURE®
and SmartCART Technology℠, will create a virtual ‘Insurance Aisle’ inside the credit union for their members and will
provide a powerful new source of non-cyclical fee income.”
Angela McCathran, President / CEO of People’s Trust Federal Credit Union stated: “We are excited to
partner with Insuritas. We wanted to provide our members with all the insurance options they might need
in a one stop shopping solution. We are also tightly focused on building new sources of non-cyclical fee
income. Through this partnership we own the agency, offer a complete array of insurance products to
protect our members, their families and their businesses, and we build a powerful new fee income
stream.” McCathran concluded: “Adding a turnkey insurance agency for our members supports our
mission to help our members achieve financial prosperity to have better lives.”
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 People’s Trust Federal Credit Union
People’s Trust, formerly named Shell Employees Federal Credit Union, is a full-service financial co-op