Service Credit Union hires Insuritas to launch insurance agency platform
Insuritas grows platform with CU’s that support our armed forces
EAST WINDSOR, CT (January 8, 2015) – Insuritas, the nation’s premier provider of turnkey insurance agencies, announced it has been hired by Service Credit Union (more than $2.5 billion in assets) located in New Hampshire to install its award-winning insurance agency solution for the benefit of its 200,000 members.
Gordon Simmons, President / CEO of Service Credit Union stated: “Our members look to us to provide all the financial products they need in a one stop shopping solution that focuses on price, convenience and service. We are committed to insurance with the same passion and energy we have for the deposit and loan products our members need. Partnering with Insuritas will allow us to extend a full suite of insurance solutions to our members in New England, and our military members in Germany and Worldwide. Our members will get automatic insurance quotes when they get a loan, get their renewal notice in the mail, or go online to pay a bill.” Simmons concluded: “Service Insurance Agency will further support our mission to meet the financial needs of our members.”
Jeff Chesky, President and CEO of Insuritas, noted: “Service Credit Union’s leadership has recognized that 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 around the world.” Chesky added “Our deployment team will launch the Service Insurance Agency in 90 days, including our award winning E-InsuranceAISLETM, LoanINSURE® and SmartCART TechnologySM platforms, creating a virtual ‘Insurance Aisle’ inside the Credit Union that will provide a powerful lift in recurring, value added, non-cyclical fee income while helping more members save time and money on insurance. Most importantly, at Insuritas we are so proud to partner with Service, as our fourth CU partner who serves our nation’s military.”
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 Service Credit Union
Service Credit Union is a full service financial institution with 200,000 members worldwide, offering a wide range of financial products to its members. With 46 branches including two staffed 24/7 contact centers, and full internet banking services, Service Credit Union serves anyone who lives or works in New Hampshire, 4 towns in Cape Cod, MA., and all branches of the U.S. Military and Department of Defense employees and their families. With over $2.5 billion in assets, Service Credit Union has 29 branches in New Hampshire, one in Massachusetts, 15 branches on U.S. military bases in Germany and a Virtual Branch. Additional information is available at servicecu.org.