SAN ANGELO, Texas–1st Community Federal Credit Union said it is partnering with ALLOY to form a new CUSO called 1CFCU Insurance Services.
“The joint venture will provide dynamic, affordable and meaningful insurance solutions for 1st Community FCU’s membership by leveraging the power of Alloy’s state of the art capabilities,” the two organizations said. “1CFCU Insurance Services will be a one stop source for all things insurance, providing members with quality and personal delivery for their insurance needs.
According to 1st Community’s President and CEO, Bill Nikolauk, “1st Community literally exists to meet the unique needs of each of our members – they look to us to provide all the financial products and services they need in a one stop solution that focuses on convenience, selection and most of all service. One-hundred percent of our members are effected by auto and home insurance annually – and we are perfectly positioned to provide a dynamic user experience that exceeds our member’s expectations.”
Alloy’s Founder, Paul Clampitt said the company is a unique and customized insurance agency model for credit unions that manages all aspects of a CU’s insurance agency.
“Our technology platform taps credit union’s member data so that the member’s life milestones and buying patterns are uniquely targeted.” Clampitt said. “With Alloy as a partner, a credit union’s net income will increase. They will see their member’s affinity strengthened which improves member retention.”