Insuritas

St. Paul Federal Credit Union Hires Insuritas to Launch Member Owned, Digitally Powered Insurance Agency

On March 20, 2018

Jeff Chesky, President and CEO of Insuritas, noted: “The leadership at St. Paul Federal has recognized that 100% of their members buy auto and home insurance every year, and wanted a full service, multi-product, member owned insurance agency.” Chesky noted, “We will build and launch an agency for St. Paul Federal with up to 42 Auto and Home insurance carriers, and a stable of over 100 insurance carriers offering nearly every insurance product consumers and small businesses need. The agency will operate on our digital platform supported by our ‘White Glove Agent Concierge Service’ and feature our award winning E-InsuranceAISLE™, LoanINSURE® and SmartCART Technology℠ platforms. The CU owned agency will provide a powerful lift in recurring, value added, non-cyclical fee income.”

Tom Glatt, CEO of St. Paul Federal stated, “Launching our member owned insurance agency will allow our members to shop for the auto, home, life and business insurance they need from the Credit Union they trust. Over 100 insurance carriers will be featured in our agency, all competing to offer our over 12,000 members the best combination of price, coverage and service. By opening our wholly-owned insurance agency, we are able to continue our commitment to servicing our members with all of the financial products they need with a great member experience and an emphasis on price and convenience.”

Glatt concluded: “As we continue to grow and find new and exciting ways to best serve our members, our core commitment to provide hometown service to every person who walks through our doors will always remain.

About St. Paul Federal Credit Union

St. Paul Federal Credit Union’s rich history dates back to November 1953 when we were chartered by a group of St. Paul electricians to serve union members of the International Brotherhood of Electrical Workers, Local 110.  In 1987 our original charter was converted to a federal charter to add family members of the electricians to our field of membership. Our growth continued, and in 2005 we opened our credit union doors to the entire St. Paul community. With the addition of the city of St. Paul, all persons living, working, worshipping, or doing business in any St. Paul neighborhood were given the opportunity to receive the benefits of Credit Union membership. A merger with Capital Trust Federal Credit Union in 2008 further expanded our field of membership to include United States Federal Employees and downtown Minneapolis. To learn more, visit www.stpaulfcu.org

 

About Insuritas

Insuritas has reengineered insurance distribution in America; simply changing the way insurance works – by building a scalable platform that currently has a comprehensive knowledge of and active engagement with nearly 9 million retail and 1.4 million small business insurance buyers. Insuritas has reengineered insurance by building complex, private labeled insurance agency solutions embedded into the financial services industry, enabling these firms to own a turn-key insurance agency and offer their customers a comprehensive set of insurance & risk management products through a white-labeled, digitally-optimized solution installed, managed, and optimized by Insuritas. Insuritas has built a single fully integrated platform that can connect the over 300M+ insurance buyers in the US and all of their annual insurance needs to insurance carriers in a single, virtual insurance agency eco-system, collapsing the fragmented and antiquated customer acquisition, quoting and policy issuance model and finally replacing it with intelligent insurance. Visit www.insuritas.com for additional information.

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