OnPoint Community Credit Union Celebrates its Success with their Insurance Agency
Insuritas announced today that OnPoint Community Credit Union (OnPoint) completed its second successful year of providing insurance and insurance-related products for the benefit of its 255,000 members.
Scott Strickland, Insuritas’ Senior Vice President of Client Relations, noted, “OnPoint has been very successful leveraging our proven end-to-end insurance agency solution. At the onset, OnPoint’s management team understood that virtually 100% of its members use insurance and insurance-related products every year and seized on that business opportunity. By implementing our turnkey solution, OnPoint’s members have benefited from our award winning shopping experience—which is highlighted by our ability to deliver multiple quotes from multiple carriers to ensure the best possible combination of coverage and cost. From the credit union’s perspective, the secondary source of fee income generated from converting 55% of insurance quotes to sold policies—compared to an industry average of approximately 38%—has been tremendous.