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Insurance Agency will be Powering Non-Cyclical Fee Income in 90 Days

EAST WINDSOR, CT (April 8, 2015) — Insuritas, the nation’s premier provider of turnkey insurance agencies, announced it has been hired by Vermont Federal Credit Union ($415 million in assets) located in Burlington, VT to install its award-winning insurance agency solution for the benefit of its over 34,000 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 relationships they’ve created in the market.” Chesky added “Our deployment team will have Vermont Federal Credit Union’s full service insurance agency operational in 90 days. The Credit Union’s leadership team concluded that Insuritas, with its E-InsuranceAISLETM, LoanINSURE® and SmartCART TechnologySM, will create a virtual ‘Insurance Aisle’ inside the Credit Union for their members and will provide a powerful lift in value added, recurring and non-cyclical fee income while helping more members save time and money on insurance.”

Bernard Isabelle, President/CEO of Vermont 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 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. We are also tightly focused on building additional sources of fee income. 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.”

About Inserts

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. 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 Vermont Federal Credit Union

Vermont Federal Credit Union serves over 34,000 members and has $415 million in assets. Additional information is available at www.vermontfederal.org.