The Maine Bureau of Insurance approves health insurance association for Maine’s credit unions and service organizations
WESTBROOK, ME (April 22, 2019) — On March 29, 2019 the Maine Bureau of Insurance approved a new Maine Employer Welfare Arrangement (MEWA), an association formed to provide a collective non-profit health insurance program for Maine’s 54 Credit Unions and affiliated Maine Credit Union Service Organizations (CUSO’s). The MEWA has been named “Maine Credit Union League Insurance Trust” and will be governed by a board of 7 trustees to represent its more than 500 employees.
The non-profit health insurance plan will be administered by Insurance Trust in Westbrook, ME, an insurance agency founded in 1963 by Maine Credit Unions. The association is sponsored by the Maine Credit Union League, Maine’s credit union trade organization.
“This employee benefits association for Maine’s Credit Unions is something that’s been needed for a long time. For many years, I’ve known this was a possibility and Insurance Trust is truly honored to have led the charge in the creation of The Maine Credit Union League Insurance Trust. This would not have been possible without the amazing cooperative spirit of the Maine credit union movement, we are truly better together when it comes to health insurance. I believe it’s vitally important that we care of our credit union employees and their families so that the credit unions employees can best take care of their members and their communities. We are proud knowing this program will continue to help credit unions and their employees for years to come.” – Kim Daigle President & CEO, Insurance Trust
About Maine Credit Union League
The Maine Credit Union League is a nonprofit, professional trade association that exists to serve Maine’s credit unions. Founded in 1938, the League’s mission is to help credit unions succeed and improve the financial lives of their members. As the trade association for Maine’s credit unions, the League provides advocacy, education, and other resources designed to assist credit unions in meeting the needs of their membership. For more information, visit www.mainecul.org.
About Insurance Trust
Insurance Trust was founded in 1963 by Maine Credit Unions to provide
insurance solutions for their members. For over 50 years, Insurance
Trust has been the premier provider of insurance and loan protection
products throughout the Northern New England credit union community.
Visit www.insurancetrust.us for more information.
