Press
Vermont Federal Credit Union hires Insuritas to launch insurance agency
BURLINGTON, VT (April 15, 2015) — Bernie Isabelle, President and CEO of Vermont Federal Credit Union, is pleased to announce the hiring of Insuritas, the nation’s premier provider of turnkey insurance agencies.
Bernie Isabelle 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 that focuses on price, convenience, and service. We are committed to insurance with the same passion and energy we have for deposit and loan products that our members, their families, and their businesses need. Through this partnership we own the agency, offer a complete array of insurance products to protect our members, their families and their businesses, and we build a powerful new fee income stream.” Isabelle concluded: “Adding a turnkey insurance agency for our members supports our mission to make a decided difference in the lives of our members.”
Jeff Chesky, President and CEO of Insuritas, noted: “Vermont 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 relationship they’ve created in the market.”
Isabelle stated, “Vermont Federal Credit Union is pleased that with the help of Insuritas’ products including: E-InsuranceAISLE™, LoanINSURE® and SmartCART Technology℠ they will be able to create a virtual ‘Insurance Aisle’ for their membership with the ultimate result of helping more members save time and money on insurance.”
Vermont Federal is a $415 million-plus financial institution, with seven locations currently serving over 34,000 members. Members are part of a cooperative, meaning they share ownership in the Credit Union and elect a volunteer board of directors. Vermont Federal Credit Union provides membership to anyone who lives, works, worships or attends school in Chittenden, Grand Isle, Lamoille, Franklin, Washington, or Addison Counties in Vermont. Vermont Federal Credit Union is committed to providing support to the communities it serves and to make a decided difference in the lives of its members and other Vermonters. For more information about Vermont Federal Credit Union, call (888) 252-0202, visit www.vermontfederal.org, or find us on Facebook.
Insuritas pioneered the deployment of virtual “private labeled” insurance agencies that are integrated into bank and credit union operating environments – currently connected to over 5.1 million consumers and small businesses. The Insuritas solution, which is now installed in over 95 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. Visit www.insuritas.com for additional information.