Financial Center First Credit Union, Indianapolis, on Wednesday said it recently acquired two insurance agencies: Insurance Associates and Fieber & Reilly.
The $536 million CU said the addition of the two agencies more than doubles the size of Financial Center Services, LLC, a credit union service organization owned by the CU. It said the agency was formed in 2004 to provide members with high-quality, affordable auto, home and life insurance.
With the new acquisitions, Financial Center First CU said the agency has added four carriers with an A+ rating, including expanded commercial insurance options, more surplus market options, as well as two employees to help service its insurance clients.
Kurt Walther, the former owner of Fieber & Reilly, joins Financial Center as an agent with 34 years of experience specializing in commercial insurance. He is a resident of Lawrence who services as the president of the Oakland Hills Neighborhood Association.
Beverly Wyatt joins Financial Center as its new insurance administrator with more than 27 years of industry experience. Most recently she was with Dunaway Insurance as a licensed producer, customer service representative and office manager. She is a resident of Greenfield where she is a member of the American Legion Auxiliary.
Walther and Wyatt join James Laslie, agency principal at Financial Center Services, LLC.
“This growth of Financial Center Services better positions our credit union to provide more comprehensive insurance options and deliver a higher level of service for our members’ personal and commercial insurance needs,” Dan Kavanaugh, board president of Financial Center Services, LLC, said in a statement.
