News Releases

Aldergrove Credit Union enters into a strategic alliance with The Co-operators

Jun 1, 2017
11:00am

ALDERGROVE, BC and GUELPH, ON, June 1, 2017 /CNW/ - Aldergrove Credit Union and The Co-operators announced today that the two co-operative organizations have entered into a strategic alliance to offer The Co-operators insurance products and services to clients in Aldergrove, Abbotsford, Langley and Mission, British Columbia.

The Co-operators will be the exclusive provider for the credit union's insurance subsidiary, Aldergrove Insurance Services. Aldergrove will be contacting its clients to discuss how this alliance will help them better meet their insurance needs. Clients' existing insurance coverage will remain in effect with no changes to their premiums or coverage for the current term of their policies. As current policies expire, clients will be offered comparable policies from The Co-operators.

"We're very pleased to be able to embark on this new chapter with The Co-operators," said Gus K. Hartl, CEO of Aldergrove Credit Union. "This strategic alliance ensures that our insurance operations will be at the forefront of delivering insurance services in Canada through the integration of The Co-operators omni-channel systems. This will benefit our members, clients, our communities and our employees."  

The strategic alliance builds on the strong relationship Aldergrove Credit Union has shared with The Co-operators via its credit union-focused subsidiary The CUMIS Group Limited, which provides Aldergrove with creditor and individual life products.

"Aldergrove Credit Union is a natural fit for us as we share common values, and are both committed to supporting the communities in which we do business," said Rob Wesseling, president and CEO of The Co-operators. "We look forward to a successful alliance, which showcases how co-operative organizations can work together to better serve their members."

About Aldergrove Credit Union:
Aldergrove Credit Union is a financial service cooperative located in the heart of the Fraser Valley. We proudly offer personal and commercial banking, insurance and financial planning solutions to our members and clients in the communities of Langley, Aldergrove, Abbotsford and Mission. The credit union has approximately 120 staff serving 18,000 members and operates six branches, three insurance offices, and three financial planning offices. For more information, visit www.aldergrovecu.ca.

About The Co-operators:
The Co-operators Group Ltd. is a Canadian co-operative with more than $47 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the Best Employers in Canada by Aon Hewitt; Corporate Knights' Best 50 Corporate Citizens in Canada; and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean's magazine. For more information, visit www.cooperators.ca.

SOURCE The Co-operators

For further information: Emily Ingram, Marketing & Communications Manager, Aldergrove Credit Union, 604-856-7012, eingram@aldergrovecu.ca; Leonard Sharman, Senior Communications Consultant, The Co-operators, 519-767-3937, media@cooperators.ca


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