OC Federal EVP, Chief Retail Officer Bill Nelson (left) and CEO Todd Turner. (Credit/OC Federal)
Ohio Catholic Federal Credit Union (OC Federal), based in Garfield Heights, Ohio, said it launched a new insurance and retirement services CUSO designed to assist members with their long-term financial planning.
The $267 million credit union’s new wholly-owned CUSO, Ohio CU Financial Services, LLC, will distribute a wide range of insurance products to members through several channels. Licensed insurance agents will be present at each of the credit union’s five branch locations throughout Northeast Ohio to assist members with the CUSO’s services; members will also have the option of leveraging the new services via phone or an online video platform.
“We recognize the critical importance of providing our members with reliable and trusted financial products,” OC Federal CEO Todd Turner said. “Ohio CU Financial Services is a strategic step forward in our commitment to enhancing the financial well-being of our members.”
According to Ohio CU Financial Services’ website, its product suite includes Medicare-related coverage, annuities and life insurance.
“Our motto, ‘Your trusted advisor on life’s journey,’ encompasses our mission to offer solutions with our members’ best interests at the forefront through all stages of life. As a credit union, we are responsible to provide financial education and tailored products to improve our members’ lives,” OC Federal EVP, Chief Retail Officer Bill Nelson said.
The news came one day after the $2.8 billion, Dunedin, Fla.-based Achieva Credit Union announced an expansion of its insurance CUSO, Achieva Insurance Agency, to include Medicare health insurance plans and services for members in or approaching retirement.
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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.
