Insurance Agency will be Powering Non-Cyclical Fee Income in 90 Days
EAST WINDSOR, CT (June 10, 2014) -- Insuritas, the nation’s premier provider of turnkey insurance agencies,
announced it has been hired by Tyndall Federal Credit Union ($1.1 billion in assets) located in Panama
City, FL to install its award-winning insurance agency solution for the benefit of its almost 100,000
members.
Jeff Chesky, President and CEO of Insuritas, noted: “Tyndall Federal Credit Union’s leadership
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 “Our deployment team will have
Tyndall Federal Credit Union’s full service insurance agency operational in 90 days. The Credit Union’s
leadership team concluded that Insuritas, with its E-InsuranceAISLE™, LoanINSURE®
and SmartCART
Technology℠, will create a virtual ‘Insurance Aisle’ inside the credit union for their members and will
provide a powerful new source of non-cyclical fee income.”
James Warren, CEO of Tyndall Federal Credit Union stated: “We are excited to partner with Insuritas.
We wanted to provide our members with all the insurance options they might need in a one stop shopping
solution. Through this partnership we own the agency, and offer a complete array of insurance products
to protect our members and their families.” Warren concluded: “Adding a turnkey insurance agency
supports our value of excellence to provide superior products and service to our members.”
About Insuritas
Insuritas pioneered the deployment of BPaaS virtual “private labeled” insurance agencies that are
integrated into bank and credit union operating environments – currently connected to over 3.5 million
consumers and small businesses. The Insuritas solution, which is now installed in over 70 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 Tyndall Federal Credit Union
Tyndall Federal Credit Union serves almost 100,000 members nationwide and has over $1.1 billion in
assets. Additional information is available at www.tyndall.org.