KETTERING, Ohio (12/5/13)--In order to better match products to its loan offerings, Day Air CU established a new agency to provide insurance to members and the local community.
Day Air Insurance LLC opened at the end of November and sells home, auto, renter and business insurance from 12 carriers (Dayton Daily News Dec. 4).
The credit union's president/CEO, Bill Burke, said that it was a natural fit to add the services.
"We make loans of all types, but we really make an awful lot of consumer automobile loans. We make an awful lot of mortgage loans," he told the Dayton Daily News. These type of loans require insurance, and the new venture provides an easy avenue for the credit union's members to acquire it.
Burke said the $273 million-asset credit union is on pace to end 2013 with a 12% growth in loan balances over 2012, noting "2013 is going to be yet again another record year for the credit union."