Fortera Federal Credit Union ($541M Assets) Hires Insuritas
Insuritas, the nation’s premier provider of financial institution owned insurance agencies, announced it has been hired by Fortera Credit Union to install their award-winning insurance agency solution for Fortera’s over 52,000 members.
Tom Kane, CEO of Fortera Credit Union stated: “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 deposit gathering and loan growth. Partnering with Insuritas will allow us to deliver a full suite of insurance solutions to our members all through an agency we own.” Kane concluded, “We are launching a full service insurance agency because our members lie at the heart of everything we do and we are committed to supporting our members wherever life takes them.”
Jeff Chesky, President and CEO of Insuritas, noted: “Fortera Credit Union has recognized that 100% of their members buy insurance every year, and that providing a full suite of insurance products to their members is a natural extension of their core business. It leverages the powerful brand equity and trusted relationships they’ve created in the market. Our partnership will further cement their position as a market leader in Western Tennessee.” Chesky added “Our deployment team will install our award winning E-InsuranceAISLE™, LoanINSURE® and SmartCART Technology℠ platforms, creating a virtual ‘Insurance Aisle’ inside the Credit Union that will provide a powerful lift in recurring, value added, non-cyclical fee income while helping more members save time and money on insurance.”
Insuritas pioneered the deployment of virtual “private labeled” insurance agencies that are integrated into bank and credit union operating environments – currently connected to over 8.4 million consumers and over 1.2 million small businesses. The Insuritas solution, which is now installed in over 150 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 partnership solution, financial institutions leverage Insuritas’ proven, end-to-end insurance agency solution. Click www.insuritas.com for additional information.
About Fortera Credit Union Fortera Credit Union, with over $541M in assets, serves over 52,000 members. Having proudly served civil service employees since 1954 and the military and their families posted at Fort Campbell since 1960, Fortera expanded over the years to include offering a complete range of financial products and services to everyone in our local community. Credit Union membership is available to anyone who lives, works, worships, or attends school in Montgomery or Stewart counties in Tennessee or Christian, Trigg or Todd counties in Kentucky.www.forteracu.com.