CU Insurance Solutions (CUIS) is a Maine-based CUSO insurance agency specializing in Lending, Member, Employee Benefits, and Commercial Insurance and Protection programs. As a CUSO, we are governed by a board of managers comprised of 9 credit union professionals who represent our credit union member-owners. Our current owners comprise 48 Maine credit unions, as well as 2 credit unions in greater New England.
CUIS was originally founded in 1963 by the Maine Credit Union League as a trust with all of Maine’s credit unions as beneficiaries. At the time, the Maine Credit Union League Insurance Trust (MCULIT) was primarily focused on member products to provide credit unions with programs that weren’t otherwise available. Over time, our name and structure have evolved: MCULIT became Insurance Trust, which became CUIS, a trust transformed into a CUSO. However, our goal has remained the same: to support those who support others. We strive to continually provide competitive marketplace options that enable credit unions to remain protected, successful, and independent while offering cost-effective and industry-leading solutions.
If your Credit Union is an owner or partner of CUIS, that means we work with and for you!
What are the benefits of working with and being an owner of CU Insurance Solutions?
New Solutions
We are dedicated to continually adapting to provide creative solutions for the challenges credit unions face today. Our team and Board of Managers are committed to keeping our mission alive by fostering relevant and sustainable insurance and financial program options for Maine’s credit unions.
Solutions to help your credit union…
- Explore alternative product options in the CU marketplace
- Find crucial cost savings that help improve the bottom line
- Protect credit union assets and safeguard members
- Create revenue streams to ensure continuous growth
If your credit union needs a specific solution or has a suggested program in mind, please let us know.
Programs for Your Members
From GAP & Vehicle Service Contracts to Credit/Debt Protection, we provide competitive programs that are designed to help your credit union generate, retain, and protect your loans and members.
From AD&D and Life Insurance to Identity Theft Protection and Will/Estate Planning, we offer comprehensive solutions to provide your members with the best coverage options to meet their needs while allowing your CU to increase non-interest income.
Employee Benefits
If we are your employee benefits broker, we are available to answer any questions you have as an employee. We can help with escalated claims issues, answering questions about who to go to for a network issue, advising on your wellness apps, determining which plan offered by your employer is best for you and your family, and explaining how HSAs and HRAs work. We also have a relationship with a Medicare specialist if you or a loved one needs help navigating that.
Training Support
We have a dedicated trainer who provides no -cost product knowledge education that is customized for you and your teammates in the format that works best for you: in person, group, web, recorded trainings, etc. We also hold an annual lending workshop.
Ongoing Educational Webinars
We offer no-cost quarterly webinars – 2 focused on HR/benefits-related topics and 2 focused on member/lending topics. These are recorded and available to you at any time.
Newsletters
We provide a monthly Benefits Newsletter as well as a quarterly Lending Newsletter. These are available to any staff either via your HR or head of lending or by reaching out to our team.
Community Engagement
Our team attends nearly every chapter meeting, financial fitness fairs, and many fundraising events each year. We also lead a Social Responsibility Committee comprised of CU, CUIS, and Synergent employees that works with Special Olympics of Maine – volunteering and raising money. We are always looking for new ways to give back.
Annual Distributions
Ownership also means that CUIS provides your member-owner CU with the opportunity to share in both pro-rata and proportional distributions based on a board-approved amount of net income earnings annually. In 2024, $400,000 was distributed to our owners based on our first year of income as a CUSO. The better CUIS does financially, the more we’re able to share back.