BenefisCU (powered by TriscendNP) Announces New Credit Union Equity Member, Oregon Community Credit Union
BenefisCU (powered by TriscendNP) welcomes newest Equity Member to the advanced insurance Credit Union Service Organization (CUSO).
June 27, 2022 – Dallas, TX – BenefisCU and Oregon Community Credit union (OCCU) announced a new partnership that will provide OCCU and its stakeholders innovative executive benefits and business protection solutions. BenefisCU, a credit union service organization (CUSO), was formed in 2021 in partnership with Goldenwest Credit Union, Dollar Associates, LLC., and seven other market-leading credit unions throughout the United States.
Credit unions are one of the fastest growing marketplaces for non-profit executive benefits but have not typically had the opportunity to participate in, or realize revenue from, executive benefits and business protection sales. In fact, over the past decade credit unions have provided for-profit, publicly traded brokerage firms with more than $1 billion in commissions, primarily because the resources necessary to provide advanced insurance solutions such as executive benefits and business protection insurance were largely held captive by these for-profit organizations. BenefisCU provides participating credit unions a profit-sharing opportunity to market advanced insurance solutions to their credit union executives, commercial account holders and peers.
“BenefisCU offers a comprehensive suite of products and services as well as the analytical and technical know-how to effectively deliver them,” said Ron Neumann, OCCU’s President & CEO. “We are truly excited to be in partnership with TriscendNP and the other leading credit unions to help create awareness and deliver these solutions to our industry.”
BenefisCU offers executive benefits, business protection insurance, split dollar retirement plans, 457f deferred compensation, Credit Union Owned Life Insurance (CUOLI), “Section 162” bonus plans, executive disability, long-term care, and advanced insurance protection packages for business owners.
“We are honored and delighted to partner with OCCU on this initiative,” said Dale Edwards, Principal at TriscendNP. “Ron’s strategic vision and innovative spirit combined with the credit union’s industry-leading performance makes OCCU an outstanding partner for BenefisCU.”
Other credit union equity members of BenefisCU include Goldenwest Credit Union, Ogden, UT; MAPS Credit Union, Salem, OR; Redstone Federal Credit Union, Huntsville, AL; Desert Financial Credit Union Phoenix, AZ; Michigan State University Federal Credit Union, East Lansing, MI; Sandia Labs Federal Credit Union Albuquerque, NM; University Federal Credit Union Austin, TX; and American Heritage Federal Credit Union, Philadelphia, PA.
BenefisCU Associate-level memberships are also available to qualified credit unions. Interested credit unions can learn more by visiting BenefisCU.com or calling (972) 318-1110.
About BenefisCU
BenefisCU (powered by TriscendNP) provides turnkey, advanced insurance solutions to credit unions and their members. This CUSO is led by TriscendNP’s 20 plus years of experience, along with Dollar Associates, Goldenwest Credit Union and seven other leading credit unions. BenefisCU seeks to provide a way for credit unions to capture revenue that has been leaving the credit union movement for publicly traded consulting firms, and to deploy those funds in new and inventive ways to supplement traditional growth strategies and increase return on assets. BenefisCU.com
About OCCU
OCCU was founded in 1956 in Eugene, Oregon. Today, as a not-for-profit financial cooperative, OCCU has more than $3 billion in assets and serves more than 247,000 members through digital channels and 12 Oregon branches in Eugene, Springfield, Junction City, Salem, Keizer and Wilsonville. Most members live in Oregon and the state of Washington. Others reside throughout the United States and even abroad, keeping their membership active through online and mobile banking. Learn more at MyOCCU.org.
MEDIA CONTACT:
Alex Staron
BenefisCU (powered by TriscendNP)
astaron@triscendnp.com
Office: (972) 410-3725
Jessica White
BenefisCU (powered by TriscendNP)
jwhite@triscendnp.com
Office: (972) 410-3725