As a credit union you provide trusted financial advice to your members. They trust you with their money and their loans. If you offer other value-added benefits like auto or home insurance, these same members will trust you to provide them with a good product. The only financial product credit union members are guaranteed to buy, every year, is insurance.
Credit unions offer competitive deposit and lending products. Why send them anywhere else for insurance? By becoming a member of the CU Financial Group network you will be able to provide your members with access to top rated auto, home, life, and health insurance.
The CUFG Agency Model is for credit unions that prefer to form a CUSO, hire an insurance agent, become licensed, and provide the facilities and training to successfully implement this value-added service to their members. This model works well for an organization that has a strong cross-selling culture and is ready to take the next big step in offering more services.
- Credit union shares commission income.
- Credit union owns the insurance book of business.
- Credit union provides office space, equipment, and licensed staff.
- Credit union offers opportunities to cross-sell insurance to members.
- CUFG provides a state-of-the-art insurance service center for insurance service needs.
- Offers training and development of staff.
- CUFG has strong relationships with more than 19 nationally top-rated insurance carriers.
- Customized monthly reports.
- CUFG offers quoting tools, insurance platform software, and online marketing materials.
- Agent CE credit platform
The CUFG Direct Model is the ideal model for credit union’s that wants to offer additional products to their members. This model works well in quickly offering additional value to your members at no cost to the credit union. A program can be implemented within 30 to 90 days.
- Credit union adds insurance link to credit union website.
- Credit union provides quarterly data of credit union members.
- Credit Union eligible to receive marketing compensation.
- CUFG provides a state-of-the-art insurance service center for service needs.
- CUFG’s professional insurance team will contact your members to offer insurance quotes.
- CUFG has strong relationships with more than 19 nationally top-rated insurance carriers.
- Customized monthly reports.
We would love to discuss in detail how CUFG can assist you strengthen your relationship with your credit union members.
Contact us at 800-581-2428 or email us at events@cufinancialgroup.com
Insurance options include Auto, Home, Life, Health, Motorcycle, ATV / Boat, Flood, Renters, Mobile Home, Umbrella, Business Liability, and Credit Union Liability Bond
