July 31, 2013 – Vancouver, BC – Credential Financial Inc. announced today a strategic partnership to provide Managing General Agency (MGA) services to six credit unions affiliated with CUSO Wealth Strategies Inc.
Through this partnership a full suite of MGA services are now available to insurance advisors at MoneyWorks East Kootenay Credit Union, MoneyWorks Grand Forks District Savings Credit Union, MoneyWorks Nelson & District Credit Union, Osoyoos Credit Union, Summerland Credit Union, and Sunshine Coast Credit Union. This includes a full breadth of services and support from integrated technology and efficient back office operations to sales and marketing consultation and access to a team of insurance industry experts.
“We’re thrilled to partner with Credential Insurance Services. As one of the top MGAs in Canada, Credential can help define distribution and growth strategies for each of the partner credit unions and assist through consultation and training,” said Jay Corrado, General Manager, CUSO Wealth Strategies. “With the wide range of insurance solutions available through Credential, the credit unions are well equipped to meet the insurance needs of their members.”
Credential Insurance Services offers a full-service MGA solution to over 70 credit union partners in Canada. Credential partners continue to see insurance revenue growth year over year by leveraging the full breadth of services and support.
“With over half of Canadians currently under-insured, we understand that insurance solutions are a critical component of a comprehensive wealth management offering. We are looking forward to working closely with the CUSO group to help develop their insurance services strategies and better serve their members,” said Kim Thompson, Senior Vice President, Advisory Services, Credential. “The collaborative approach of these credit unions aligns with our own values of partnership and our commitment to a sustainable financial future for all Canadians.”
About Credential Financial Inc. About CUSO Wealth Strategies Inc.
Credential Financial is a national wealth management firm, with over 20 years of experience in the Canadian financial services industry, offering a full suite of products and services to over 225 organizations and more than 1,300 advisors. Credential and its member companies (Credential Asset Management, Credential Securities, Credential Correspondent Partners, Credential Direct, and Credential Insurance Services) provide MFDA and IIROC dealer services, trading and custodian services, online brokerage, and insurance solutions to credit unions and independent financial institutions across Canada. For more information, visit www.credential.com.
CUSO Wealth Strategies is a management and leadership company formed by like-minded credit unions to empower its partners and clients through best in class strategies and effective processes so that they can establish and sustain compliant profitable wealth management practices. CUSO is committed to returning value to its shareholders and providing a viable alternative for the effective delivery of wealth management products and solutions to credit union members.
For more information, please contact:
Armita Seyedalikhani, Manager, Strategic Communications
Credential Financial Inc.