Northern Savings Credit Union buys Key West

  • Feb. 1, 2013 3:00 p.m.

submitted by NSCU–Northern Savings Credit Union has increased its ownership stake in Key West Insurance Services Ltd. from 50 to 100 percent. The transaction is effective immediately. Key West Insurance Services Ltd. was established in 1987 and like Northern Savings, has deep roots on Haida Gwaii, with offices in Masset and Queen Charlotte. Key West offers personal, commercial, marine, travel, and auto insurance. “Key West has always been an important part of Northern Savings’ insurance group and this transaction solidifies that relationship,” said Ken Doleman, President and CEO. “Key West complements our existing banking and financial planning services on Haida Gwaii, enabling us to provide a full suite of financial solutions. An immediate benefit is the additional commercial underwriting capacity that Northern Savings will now have.” Key West clients will still receive the same top-of-the-line service they’ve always received, with Al West remaining as manager. Mr. West said “this relationship will benefit Key West, Northern Savings, and our clients. Northern Savings is a strong community supporter and this purchase showcases Northern Savings’ commitment to Haida Gwaii.”About Northern Savings Credit Union:Northern Savings Credit Union was incorporated in March 1940. From its modest beginnings as a savings and loan cooperative, Northern Savings has built itself into the largest credit union in Northern BC with assets of approximately $885 million, and a staff of 200 dedicated professionals serving the needs of members and customers in banking, insurance and wealth management. Northern Savings is proud to have contributed to our region for the past 72 years and looks forward to providing home grown solutions for financial well-being and sustainable communities well into the future.