COFCUCommonWealth One Federal Credit Union
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Discussions to sell COTIP began about a year ago, said Brian Orenstein, CEO COFCU. The CU was looking to grow the agency so that more opportunities and more insurance carrier options would be available to members.
Despite the sale, members of COFCU will continue to served by SBI with personal and business insurance and risk management products and services, according to the CU.
"We are proud to be affiliated with COFCU and will offer high quality advice and service at competitive pricing to COFCU's 50,000 households and businesses," said Joe Smith, president/CEO of SBI.