PORTSMOUTH, N.H.—Service Credit Union here said it has formed Service Insure, LLC, a subsidiary CUSO that will extend a full suite of insurance solutions to members in New England, and military members in Germany and worldwide.
It is expanding through a relationship with Insuritas. The credit union said the new company will provide a full array of property and casualty insurance offerings with options for coverage both stateside and internationally.
“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 the deposit and loan products our members need,” said Gordon Simmons, president/CEO of Service Credit Union, in a statement.
The credit union has hired Insuritas, a national provider of turnkey insurance agencies, to install its insurance solution for the benefit of its 200,000 members. The partnership with Insuritas will allow credit union members to get automatic insurance quotes when they get a loan, get their renewal notice in the mail, or go online to pay a bill.
“Service 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 around the world,” said Jeff Chesky, president and CEO of Insuritas.