LAKE JACKSON, Texas (1/10/12)--TDECU Insurance Agency LLC, Lake Jackson, Texas, has acquired Houston-based Associated Insurance Agency Inc.
TDECU Insurance is well-positioned to continue to grow market share in southeast Texas with TDECU's recent acquisition of two Houston-based credit unions, the company said. The insurance agency is a wholly owned subsidiary of TDECU.
TDECU completed mergers with $60 million San Jacinto Area CU and $80 Bluebonnet CU in late 2011.
Associated Insurance Agency is an independent insurance agency that has served the Houston business community for 17 years.
"The acquisition of Associated Insurance Agency is an ideal fit for our growth strategy," remarked Timothy Belton, TDECU Insurance CEO.
Associated Insurance Agency currently represents more than 15 nationally recognized carriers.
HAUPPAGE, N.Y. (1/10/12)--TCI, Hauppage, N.Y., has sold its background screening and credit accessing portal products to SS&C Technologies Holdings Inc., Windsor, Conn.
TCI said it made the sale so it can concentrate on its loan origination solution--DecisionLender--which generated the majority of its revenue in 2011.
SS&C, a global provider of financial services software and software-enabled services, added AddressScreener, CreditScreener, My Credit Screener, Tenant/Employment Screener and FraudScreener to its existing services.
TCI was founded in 1982 as a distributor of Telex terminals, a teleprinter used for business communications. With the evolution of the digital communication age, TCI began offering Internet-based products or software as a service.
Today, more than 300 financial institutions, including credit unions, are using DecisionLender, a loan origination solution that manages workflow, pulls credit reports and analyzes applications.