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Mid-Atlantic Corporate forms benefitsinsurance CUSO
MIDDLETOWN, Pa. (6/12/08)--Mid-Atlantic Corporate FCU announced the formation of a new credit union services organization (CUSO), Sollievo Group LLC, to offer benefits and insurance services to credit unions. Sollievo will offer retirement programs, and executive and defined benefit pension plans. It also will work with credit unions looking to divest their defined benefit plans. The CUSO plans to offer credit union bond coverage, commercial and professional liability coverage, and property and casualty insurance. Ed Fox, retiring CEO of Mid-Atlantic Corporate, will head Sollievo. “There is a need for credit unions to have access to fairly priced, structured packages that focus on their specific concerns and challenges,” he said. Mid-Atlantic Corporate FCU is a corporate credit union that provides investment, lending and payment services, share draft and electronic bill payment processes to a national field of membership. It is headquartered in Middletown, Pa.


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