UNFCU Financial Services LLC Acquires Industrial Coverage Corp

"ICC's business insurance mix complements our Insurance Centre's personal lines of insurance," said Stephen Ryerson, president of UNFCU Financial Services LLC.  "The fact that ICC shares our service culture which puts members, clients and their needs first was extremely important."

The full integration of the two organizations will be completed within the next 30 days.

"As we move forward, the combination of our organizations will drive growth and position us as a regional force in the insurance brokerage industry," said William Predmore, president/CEO of United Nations Federal Credit Union.  "We are known across the industry and our membership for our long history of innovation and I could not think of a better way to begin 2013 than by delivering more options and resources in the service of risk management for our members and their families stateside."

About UNFCU Financial Services LLC

UNFCU Financial Services LLC is a wholly owned subsidiary and a credit union service organization (CUSO) of the United Nations Federal Credit Union, (UNFCU). Founded in 1947 and headquartered in Long Island City, NY, UNFCU offers a range of flexible savings, loan, investment and insurance products, as well as advisory services and a focus on corporate social responsibility/sustainable development. More information is available at www.unfcu.org.

About Industrial Coverage Corp

Founded in 1958 by Michael J. Romeo, Industrial Coverage Corp (ICC) is a family-owned insurance agency with a wide array of personal and commercial product offerings.  The firm serves more than 3,500 clients and has an outstanding reputation in the insurance community. ICC Principals, Joe and Mike Romeo, have both served as president of the Independent Insurance Agents and Brokers Association of Suffolk County. ICC's employees boast over 500 years of combined insurance experience.  This expertise, together with state of the art automation, allows ICC to provide unparalleled service to its customers. This has resulted in a client retention rate of 95%.  More information is available at www.industrialcoverage.com .

For More Information (Press), contact:

Elisabeth Philippe, UNFCU, Tel. [phone], [e-mail]

 

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