The acquisition offers an expanded product range for Skyla Credit Union’s members and sponsor companies. Credit: Lomb/Shutterstock.

Skyla Insurance Services, part of Skyla Credit Union, has acquired Policyline Insurance for an undisclosed sum.  

Policyline is headquartered in Cornelius, North Carolina, US. 

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The company has been providing health, dental, vision and Medicare plans in the Charlotte, North Carolina, region for more than two decades. 

The acquisition offers an expanded product range for Skyla Credit Union’s members and sponsor companies. 

Policyline employees will move to Skyla Insurance Services as a result of the deal.  

“Their expertise in designing employee benefit plans that attract and retain top talent while aligning with budget targets complements Skyla’s offerings,” Skyla Credit Union stated in a press release. 

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Policyline owner Geoff Ricks assumes the role of president at Skyla Insurance Services with immediate effect, .  

The Policyline Insurance brand will remain active in the market, representing the group benefit services of the integrated organisation. 

Ricks said: “I am excited to join Skyla Insurance Services and contribute to the continued growth and success of our organisation.  

“This acquisition allows us to broaden our reach and serve the needs of Skyla Credit Union’s members, corporate accounts and sponsor companies with enhanced offerings that align with their unique needs.” 

Skyla Insurance Services offers a range of insurance products serving individuals and corporate clients. 

Skyla Credit Union, headquartered in Charlotte, North Carolina, caters to more than 103,000 members with over $1.4bn in assets and manages 18 branches across the region.