CUNA News Now - Products & Services
Filed on 2009-02-03, published the first business day after.
CUcorp's CUCare Group sold to Salus
LIVONIA, Mich. (2/4/09)--CUcorp's CUCare Group has been sold to Salus Group, which will increase healthcare and benefit options for credit unions, according to the Michigan Credit Union League.
"CUCare is designed for mid-sized credit unions," said David Adams, CUcorp CEO. "The new Salus will be better positioned to handle the health insurance needs of credit unions of all sizes in a more cost-effective way."
CUCare, a wholly owned subsidiary of the Michigan league, has managed a credit union health insurance program through Blue Cross Blue Shield of Michigan and Blue Care Network. By acquiring CUCare, Salus will offer credit unions more products, including healthcare and pension options. Salus also will offer packages to select employees groups (Michigan Monitor Feb. 2).
Michael Brillati will remain Salus' President/CEO. Jim Fournier will be Salus' Executive Vice President. Salus is a Credit Union Service Organization started in 2005 by Brillati and five Michigan credit unions. It has business in Michigan and several other states.Go to main navigation