WESTBROOK, Maine–The Maine Bureau of Insurance has 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 (CUSOs).
The new MEWA, “Maine Credit Union League Insurance Trust,” will be governed by a board of seven trustees to represent its more than 500 employees. The non-profit health insurance plan will be administered by Insurance Trust in Westbrook, Maine, an insurance agency founded in 1963 by Maine Credit Unions.
The association is being sponsored by the Maine Credit Union League.
“This employee benefits association for Maine’s Credit Unions is something that’s been needed for a long time,” said Kim Daigle, president and CEO of Insurance Trust. “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 take 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.”