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CARMEL, Ind., June 9 /PRNewswire/ — Gateway Services Group, LLC, a national, credit union-owned provider of insurance, investment and trust management for credit unions, sold its block of direct mail business to Allied Solutions, LLC, the Indianapolis-based distributor of products and services to credit unions and other financial institutions.
The block is composed primarily of accidental death and dismemberment insurance administered by Affinion Group and produced at 40 credit unions. The purchase was effective April 1, 2008. Allied Solutions will service the accounts and support new credit union direct mail business through a marketing arrangement with Gateway Services Group.
“Gateway Services Group selected Allied Solutions because of its strong reputation in the industry and its relationship with Affinion Group,” said Scott Jentz, president and founder of Gateway Services Group, LLC. “We feel this partnership will allow Gateway Services Group to continue to support our credit union clients going forward.”
“This opportunity fits our business model perfectly,” said Chris Hilger, president, Allied Solutions. “Affinion Group already is an important business partner, our national network of field associates is positioned to provide great support to the credit union clients, and it gives us more opportunities to work with Gateway Services Group.” Hilger says an internal task force is following a carefully-constructed implementation plan aimed at smoothly integrating the new business into Allied Solutions’ operations.
Allied Solutions, LLC, has distributed products and services from many providers to financial institutions for more than 27 years and currently has business with 3,600 financial institutions in the US. Allied Solutions is a wholly-owned, independently-operated subsidiary of Securian Financial Group, Inc.
Gateway Services Group, LLC, provides insurance, investments, and trust products and services for more than 100 credit unions. It is also an independent agency and distributes products from many providers, including credit insurance and debt protection for Securian Financial Group.
Affinion Group has 35 years experience in product development and targeted marketing and 5,300 affinity partners worldwide.
Securian Financial Group helps provide financial security for individuals and businesses in the form of insurance, retirement plans and investments. Affiliates include Minnesota Life insurance Co., Advantus Capital Management, and Allied Solutions, LLC. Securian has nearly $680 billion of life insurance in force, $30 billion in assets under management as of January 31, 2008, and a work force of 3,400 employees nationwide. Securian serves more than 9,000,000 individuals in the US.
Download a high-resolution photo of Chris Hilger at
Securian Financial Group

Tags: Financial //