Shell Federal Credit Union hires Insuritas to launch insurance agency
Turnkey Insurance Agency will be Generating Fee Income in 90 Days
EAST WINDSOR, CT (October 9, 2013) — Insuritas, the nation’s top ranked provider of turnkey insurance agencies, announced it has been hired by Shell Federal Credit Union ($622 million in assets) located in Deer Park, Texas to open a turnkey insurance agency for the benefit of its over 60,000 members.
Jeff Chesky, President and CEO of Insuritas, noted that “Shell’s management realized 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 Shell’s new full service insurance agency up and operational in 90 days. Rather than building a new agency from scratch or purchasing an existing agency, Shell’s leadership team concluded that Insuritas, with its LoanINSURE® and SmartCART Technology℠, was the perfect solution.”
Jose Rodriguez, Chief Executive Officer of Shell FCU, noted; “We are excited to partner with Insuritas. We wanted to offer a turnkey insurance agency solution that would offer all the insurance products our members might need in a one stop shopping solution – and we wanted a solution that was easy to deploy, integrated into our web portal, added to our member service value proposition and minimized risk to capital.” Rodriguez added that; “Creating an ‘Insurance Aisle’ will position Shell FCU to own an insurance agency that would leverage our consumer and mortgage lending, as well as add another revenue generating product to support our mission statement of keeping the Credit Union Strong, Aggressive and Financially Sound.”
Insuritas enables financial institutions to own an insurance agency solution without the significant capital investments or operational risks of building or buying an agency. Through its award winning solutions, financial institutions leverage Insuritas’ proven, end-to-end insurance agency solution. Additional information is available at www.insuritas.com.
About Shell Federal Credit Union
Shell FCU serves more than 60,000 members and has over $600 million in assets. Additional information is available at www.shellfcu.org.