TCU Insurance Agency acquires Summit Insurance
Acquisition creates agency’s first physical office serving central Indiana
SOUTH BEND, IN (September 8, 2016) — Teachers Credit Union (TCU) Insurance Agency is pleased to announce it has acquired the insurance business of Summit Insurance Agency, Inc., to grow its presence in central Indiana and gather new, highly satisfied clients from a well-respected agency. Effective August 16, 2016, the agency became Summit Insurance, a Division of TCU Insurance Agency, LLC, and the first physical location for TCU Insurance Agency in central Indiana.
Prior to the transaction, Summit Insurance Agency, Inc., an independent insurance agency specializing in personal and commercial insurance, has been in business in Indianapolis for more than 27 years. Going forward, the new Summit Insurance will continue offering its current plans and provide more options – a full line of personal, business, life and health insurance coverage – as an integral part of TCU Insurance Agency, and will leverage the more than 200 insurance companies TCU Insurance Agency represents.
“Acquiring the Summit business will help TCU Insurance better serve our Indianapolis community of members who have been asking for more direct access to our offerings,” said Steve Neeser, president, TCU Insurance Agency. “By securing Summit’s expertise and physical presence in the market, we’re able to meet those needs and welcome Summit clients.”
TCU Insurance will retain all Summit employees and add two additional TCU Insurance Agency staff to provide support and proficiency for the new services in Indianapolis. Summit will also maintain its office at 9302 N. Meridian St., Indianapolis.
“TCU Insurance shares many of our same carriers, has a dedicated staff and the backing of the largest credit union in Indiana,” said John Ramsbottom, founder of Summit Insurance and now commercial and benefits producer for TCU Insurance. “Through this acquisition, we hope to strengthen our client promise to provide the best level of service for any insurance need.”
TCU Insurance Agency began as a merger of several locally owned independent agencies based in northern Indiana in 2002 and has steadily grown to serve more than 10,000 clients across Indiana and southern Michigan. For more information about TCU Insurance Agency’s programs and offerings, visit www.tcuinsurance.com.
About Teachers Credit Union
Teachers Credit Union (TCU) is Indiana’s largest Credit Union with nearly $5 billion in assets, over 50 branches throughout Indiana and southwest Michigan, and more than 300,000 members. TCU offers traditional financial services including checking, savings, mortgages, and credit cards, as well
as non-traditional services such as investments. Since its founding in 1931, TCU has focused on making a positive impact on its members and the community. For more information about TCU, visit tcunet.com.