To give its more than 16,600 members another option, Beacon Federal Credit Union has partnered with Insuritas, a provider of outsourced insurance agencies, to open an insurance firm.
The East Windsor, Conn.-based Insuritas said it will deliver its platform and Web-based online agency capabilities to the $130 million Beacon FCU in La Porte, Texas.
The firm said its service enables financial institutions to own a complete insurance agency without the significant capital investments required to build or buy an agency.
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