Andrew Agencies Ltd. acquires Four Corners Associates and Hatfield Financial and Insurance Services
Virden, MB (Sept. 15, 2013) – Andrew Agencies Ltd. and Sunrise Credit Union Limited are pleased to announce that effective November 1, 2013 Andrew Agencies has acquired Four Corners Associates and Hatfield Financial and Insurance Services Inc. from VCU Financial Inc., a subsidiary of Sunrise Credit Union Limited.
The acquisition adds the Hatfield Financial and Insurance offices in Hamiota and Brandon and the Four Corners offices in Reston, Oak Lake and Virden to the existing Andrew Agencies office network. With this purchase and the June 1st purchase of Clark and Son Agency in Boissevain, Andrew Agencies now has 18 locations in south eastern Saskatchewan and south western Manitoba.
Due to recent regulatory changes affecting Credit Unions it became necessary for Sunrise Credit Union to divest these two holdings.
“It was unfortunate that regulation changes forced us to divest these two businesses as they were well managed, going concerns for our organization.” Stated Harry Bowler, CEO, Sunrise Credit Union. “Once the decision to divest was made, our objectives were to maintain local ownership and ensure the clients were well looked after. After meeting with the ownership group of Andrew Agencies it became apparent that we found a purchaser that not only met our local objectives but they would also continue to offer excellent service and choice our clients deserve.”
“We are very excited to be adding these locations to our existing network” stated Scott Andrew, President and CEO of Andrew Agencies LTD. “In working through this sale with the Sunrise Management team we soon realized both sides shared the same goals in this transaction when it came to the clients and staff. That being said we anticipate a smooth transition for both as we merge the operations.”
About Andrew Agencies
Andrew Agencies Ltd. was established in 1913 as a general insurance and travel agency in Virden, Manitoba by the Andrew family. Today, it is a busy multi-line brokerage operating in Manitoba and south-eastern Saskatchewan selling insurance, financial services, travel, and real estate.
About Sunrise Credit Union
Sunrise Credit Union Limited is the result of the membership of five legacy credit unions voting to amalgamate Tiger Hills, Cypress River, Hartney, Turtle Mountain and Virden Credit Unions on October 1, 2008. Sunrise offers full financial services in 13 communities throughout south-western Manitoba.