CUMIS INSURANCE

The CUMIS Group share a common bond, which was fostered in the early days of credit union existence.

It was the “Lesson of the Lineman” − the tragic death of a power company lineman, a Credit Union member, who borrowed $250 just two days before his fatal accident − that taught Credit Union pioneers the need for insurance protection in their operations. Out of a sense of obligation and loyalty to their fallen friend, two other linemen, who were co-makers of the loan, paid it out of their own limited savings.

This tragedy triggered the creation of the CUNA Mutual Insurance Society in 1935 to serve the needs of North American Credit Unions. Its Canadian arm became CUMIS – the Credit Union Members Insurance Society.

All alliances are based on mutual respect, trust, transparency, and shared values. Wherever you are across Canada, you have access to a dedicated relationship management team, which draws on its rich experience of serving approximately 375 credit unions with more than five million members.

CUMIS has a comprehensive portfolio of insurance, retirement and wealth management solutions which is tailored specifically to cater to Credit Union needs. In addition, custom learning solutions are designed to meet union’s insurance strategy and preferred delivery format.

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