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CU Certified wins national award for innovative business model in partnership with Down East Insurance Agency

CU Certified National Awardclick photo to view larger

May 16, 2018

Newport Beach, CA. 4/28/2018 – CU Certified, a national automobile underwriting company, in collaboration with Down East Insurance Agency of Topsham, Maine, has accepted the 2018 New CUSO of the Year Runner-Up award from the National Association of Credit Union Service Organizations (NACUSO) at the 2018 NACUSO Network Conference. CU Certified was one of five businesses nationally recognized for making a significant difference and contribution to the credit union industry.

"We are honored to accept this prestigious award from NACUSO. We are committed to strong partnerships, innovation, and great service," said Mark Giguere, President and Founder of CU Certified. "We see this as a win for our team and for credit union members."

The New CUSO of the Year Award was added as an award category in 2016. The award seeks to showcase innovative businesses that are making an impact through thought leadership and value creation.
"We selected CU Certified Automotive as runner-up for New CUSO of the year because CU Certified is the first program to offer a best-in-class vehicle service contract for credit union members while giving back 100% of the underwriting profit to the participating credit union," said Jack Antonini, President/CEO of NACUSO. "We just had to acknowledge these unique CUSO models that are really committed to helping our members by helping our credit unions."

CU Certified was launched in Maine in 2014 with collaboration partners. Down East Credit Union and its two CUSOs were the first to launch this unique program. CU Certified was created by Credit Unions, for Credit Unions. CU Certified is the first program to offer a best-in-class vehicle service contract for credit union members while giving back 100% of the underwriting profit to the participating credit union.

"Congratulations to the DEIA and CU Certified Auto teams on this well-deserved award," said Joe Moses, President of Down East Credit Union. "In four years of providing vehicle service contracts to our members through CU Certified, we are proud to say we have yet to deny a claim! This is a win for CU Certified, but more over a win for all members whose credit unions participate in this program."

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Photo caption: Down East Insurance Agency and CU Certified team members Dan Daggett, Melanie Munsey and Mark Giguere pose with President/CEO of the National Association of Credit Union Service Organizations, Jack Antonini (second from left), as they accept the New CUSO of the Year Runner-Up award at this year's Network Conference in California.

About CU Certified
CU Certified was founded in 2013 by Mark Giguere to fill the increasing need for non-interest income in the credit union movement. In 2014, CU Certified and Down East Credit Union launched a joint initiative to provide credit unions with a vehicle service contract which pays 100% of the underwriting profit back to the credit unions instead of the administrators. This partnership has expanded into Maine, Vermont, Connecticut, Pennsylvania, Texas, Florida, Georgia, and Wisconsin. The CU Certified program is accepted in all 50 states. Learn more at www.cucertifiedauto.com.

About NACUSO
The National Association of Credit Union Service Organizations was formed in 1985 to help credit unions explore the use of CUSOs and the delivery of non-traditional products and services. Over the years, NACUSO's focus has evolved to helping credit unions form multi-owned CUSOs and participate in collaboration and the cooperative business model.

About Down East Credit Union
Down East Credit Union (DECU) was founded in 1941 by employees of St. Croix Pulp and Paper Company. Since then, DECU has grown to over 20,000 members across Maine, sharing the common bond with those who live, work, worship, attend school, or conduct business in Washington, Waldo, Hancock, Penobscot, Lincoln, Kennebec, Sagadahoc, and Knox Counties, and the towns of Brunswick and Harpswell in Cumberland County. DECU owns and operates Credit Union Service Organizations: Bay Financial, Down East Insurance Agency, and is part owner in Credit Union Lending Alliance of New England (CULANE). For more information go to www.downeastcu.com.

 
 
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Down East Insurance Agency has offices located in Baileyville, Calais, Richmond, Topsham, and Unity Maine.

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