CUNA Mutual Group is spinning off its Employee Benefits book of business – including some 3,200 credit unions – to Digital Insurance Inc. in Atlanta.
No terms for the deal were announced, except that "(a)s part of this transaction, several CUNA Mutual Group Employee Benefits representatives will be joining the Digital team," CUNA Mutual Group said in the announcement.
The announcement Tuesday follows February's announcement that CUNA Mutual was partnering with Digital Insurance to offer additional services, including health care reform education, to credit unions that use CUNA Mutual for employee benefits services and now face the transition to Obamacare.
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