Catholic Vantage Financial ($98M Assets) Hires Insuritas
Insuritas, the nation’s premier provider of financial institution owned insurance agencies, announced it has been hired by Catholic Vantage Financial Federal Credit Union to install their award-winning insurance agency solution for the credit union’s over 8,000 members.
Peter Bagazinski, CEO of Catholic Vantage Financial stated: “Our members look to us to provide value added financial products and solutions that focus on price, convenience and service. Partnering with Insuritas will allow us to deliver a full suite of insurance solutions to our members through an agency we own.” Bagazinski concluded, “Launching this insurance agency will allow us to meet our commitment to our members’ financial well-being by expanding our financial product offerings to include a wide range of high-quality, affordable insurance products and services.”
Jeff Chesky, President and CEO of Insuritas, noted: “Catholic Vantage Financial has recognized that 100% of 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 in the market.” 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 Catholic Vantage Financial With over $98M in assets and over 8,000 members, Catholic Vantage Financial serves all those who attend, worship, are members of or work at a Catholic parish, school or organization in the counties or Lapeer, Macomb, Monroe, Oakland, St. Clair and Wayne, Michigan. Member deposits are insured to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information and to learn how you can join, call 734-432-0212 or visit www.mycvf.org.