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CUNA Mutual Liberty Mutual alliance marks a decade
MADISON, Wis. (6/27/08)--CUNA Mutual Group and Boston-based Liberty Mutual recently marked the 10th anniversary of their strategic alliance to offer auto, home and renters insurance to members of credit unions through CUNA Mutual’s MEMBERS Auto and Homeowners Program.
Paul Kiersnowski, left, Liberty Mutual, presents a guitar signed by the BoDeans to CUNA Mutual Group President/CEO, Jeff Post, center, during CUNA Mutual’s Discovery Conference last week. The guitars commemorate the 10-year anniversary between the two companies. Joe Kunesh, right, CUNA Mutual, helped present the guitars. (Photo provided by CUNA Mutual Group)
The alliance has generated more than $26 million in fee income for participating credit unions. Last year, the program paid credit unions $7.4 million in non-interest income, said Bill Jolicoeur, CUNA Mutual vice president. “CUNA Mutual brings the expertise in managing credit union relationships and marketing to credit union members, while Liberty Mutual brings innovative products, varied distribution channels and prompt and dependable claim service,” said Melanie Foley, Liberty Mutual vice president and manager, direct marketing. More than 3,200 credit unions with 38 million eligible members participate in the program. To commemorate the anniversary, CUNA Mutual and Liberty Mutual each donated a guitar autographed by members of the music group, the BoDeans, who performed at CUNA Mutual’s Discovery Conference in Hollywood, Fla., last week. The guitars sold for $925 during a silenct auction, which raised more than $13,500 for the National Credit Union Foundation’s disaster relief fund.
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