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Tulsa FCU Seeks to Drive Organic Insurance Growth

EAST WINDSOR, CT (January 28, 2015) — Insuritas, the nation’s premier provider of turnkey insurance agencies, announced it has been hired by Tulsa Federal Credit Union (more than $660 million in assets) located in Tulsa, OK to install its award-winning insurance agency solution inside Tulsa’s existing insurance agency platform for the benefit of its over 62,000 members.

Gregory W. Gallant, President / CEO of Tulsa Federal 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 deposit gathering and loan growth. Partnering with Insuritas will allow us to expand our current agency operation to provide instant insurance quotes to our members anytime, anywhere.” Gallant concluded: “Our insurance agency supports our mission to be the life-long financial partner for our members.”

Jeff Chesky, President and CEO of Insuritas, noted: “Tulsa Federal 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 in the market.” Chesky added “Tulsa FCU has built an insurance agency, and now wants to accelerate organic growth and member share. Our deployment team will dramatically expand Tulsa FCU’s current agency with 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.”

About Insuritas
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 Tulsa Federal Credit Union
Since 1943, Tulsa Federal Credit Union has thrived on the life-long partnership with its Members. Starting with just 12 members and $240 in assets, its devoted members and knowledgeable staff have helped grow the institution to 62,000 members, more than $660 million in assets with 12 locally convenient branches. It is the essence of Tulsa Federal CU’s mission to be the life-long financial compass for its members, a positive force in the community, the best at making each member’s experience exceptional and the commitment to trust, integrity, teamwork and making a difference that sets them apart. For more information please visit www.tulsafederalcu.org.