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InterLutions, a CUSO wholly-owned by the $2.8 billion, Muskego, Wis.-based Corporate Central Credit Union, launched an employee health care plan offering specifically for small credit unions, the CUSO announced Tuesday.

The I-Care Health Plan is designed for credit unions with up to 20 employees and delivered through the CUSO's in-house insurance agency that exclusively serves small credit unions, according to an InterLutions spokesperson.

InterLutions has been providing health care benefits solutions to large credit unions through its I-Care program since 2016. The I-Care Health Plan, which became available to small credit unions after the launch of its insurance agency in October 2022, was created to meet the unique needs of smaller institutions, and, as a result of feedback and requests from the CUSO's small credit union advisory council, offers solutions focused on competitive premiums, strong coverage and quality service, the spokesperson said.

More than a dozen small credit unions have begun taking advantage of the I-Care Health Plan since its rollout, according to Tuesday's announcement.

"Small credit unions and their employees continue to pay more for health insurance while the carriers continue to profit," InterLutions President Jesse Kohl stated. "Large insurance networks struggle to scale down and deliver competitive plans for small credit unions, while small insurance providers often deliver un-tailored and high-cost products that don't fit the needs of small employers."

The CUSO emphasized that it leverages advanced underwriting strategies in order to offer competitive premiums, and noted that medical claims reports it has analyzed have demonstrated that credit union employees are generally healthier than other industry workforces and therefore deserve lower premiums.

Kohl added, "We leverage our claims data and state-of-the-art technology platforms, along with innovative and collaborative health plan models to deliver better results for our clients. We're excited to offer credit unions customized and affordable benefit plans to help them recruit and retain high-quality talent to thrive in this competitive labor market."

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Natasha Chilingerian

Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.