VIU by HUB launches insurance agency with Spero Financial

VIU by HUB has partnered with South Carolina-based Spero Financial to launch Spero Insurance Services, a branded insurance agency offering members access to personal insurance coverage from more than 40 carriers.

The agency is operated by VIU by HUB under the Spero Financial brand. VIU provides the carrier relationships, licensing, compliance, operations, technology, and licensed insurance professionals, while Spero integrates the offering into its member experience.

Spero Financial serves more than 45,000 members and manages over $700 million in assets. Through the new agency, members across South Carolina, North Carolina, and Georgia can shop for auto, homeowners, renters, and other personal insurance products online or with the assistance of a licensed insurance advisor.

The partnership is designed to extend the credit union’s financial wellness offering while creating a new source of non-interest income through insurance policy renewals.

Bottom Line: VIU by HUB isn’t alone.