Credit Union Agencies Alliance Limited (CUAAL)*, a strategic alliance between The Co-operators, First Credit Union and Aldergrove Credit Union, announced today it has purchased Envision’s book of business in Aldergrove, British Columbia.
The current Envision, Aldergrove building was earmarked for a new community centre, and has closed to enable the development. CUAAL’s purchase of this book of business will allow clients to continue to receive local service that is rooted in co-operative values.
“As part of CUAAL, The Co-operators is happy to help facilitate a transaction that showcases how co-operative organizations work together to ensure the best experience for their members,” said Rob Wesseling, president and CEO of The Co-operators. “We look forward to helping our new clients get the insurance and investment products they need to achieve financial security, and ultimately, peace of mind.”
Current clients’ insurance coverage will remain in effect with no changes to their premiums or coverage for the current term of their policies; as current policies expire, clients will be offered comparable policies from The Co-operators.
Envision Insurance Services is a division of First West Insurance Services Ltd, which is owned by First West Credit Union. First West Insurance / Envision Insurance will continue to serve insurance clients at its remaining locations.
*CUAAL is a company that is owned jointly by The Co-operators (50%) and participating credit union partners (share 50%). This unique model brings together strong co-operative organizations to leverage efficiencies and better serve the interests of credit union members.
About The Co-operators:
The Co-operators Group Limited is a Canadian co-operative with more than $42.5 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the Best Employers in Canada by Aon Hewitt and Corporate Knights’ Best 50 Corporate Citizens in Canada. For more information, visit www.cooperators.ca.
SOURCE The Co-operators