Oak Tree Insurance Disclosure
Central One and Oak Tree Relationship:
Oak Tree Insurance Agency, LLC (Oak Tree Insurance), an affiliate of Central One Federal Credit Union (the credit union), is a licensed insurance agency. Oak Tree Insurance offers personal property and casualty insurance products underwritten by various insurers. Business conducted by Oak Tree Insurance is separate and distinct from any business conducted with the credit union. Insurance products are not deposits of the credit union and are not protected by the NCUA. They are not an obligation of or guaranteed by the credit union and may be subject to risk.
Insurance required as a condition of the extension of credit by the credit union does not have to be purchased from Oak Tree Insurance. It can be purchased from an agent or insurance company of your choice without affecting the approval of any application for credit.
If you have any concerns or complaints regarding this business relationship, you may contact the Massachusetts Office of Consumer Affairs or the Massachusetts Division of Insurance. For information on how to contact them, you may call us at 508-841-0515.
Agency & Sources of Compensation:
Consumers should understand the agency role of Oak Tree Insurance. We are authorized to represent the insurers who have appointed us. Consumer information or funds received by the agency are considered received by the insurer, and within insurer guidelines, we can bind coverage with the insurers. While we always strive to act in the best interests of our insurance customers, we are responsible to our insurers.
Compensation for our services comes from the insurers in the form of commissions and incentives. Consumers will not be asked to pay for our insurance services on a fee basis, although some non-insurance services, such as motor vehicle registry, may have separate fees.
Consumer Reports & Privacy:
Under the Fair Credit Reporting Act, Oak Tree Insurance and the insurers we represent may order one or more consumer reports as part of the application process to obtain insurance coverage. A consumer report may contain information on credit history, driving records and criminal activities, among other things. This information will only be obtained and used as allowed under the insurance regulations of your state. In the event that coverage is denied to you based wholly or partly on information in a consumer report, you will be notified and given information for contacting the consumer reporting agency. Your acceptance of this document authorizes the ordering of consumer reports for insurance purposes.
Oak Tree Insurance uses personal non-public information you provide to us only for the purpose of providing insurance products and services per your requests. We do not sell your insurance information or share it with parties other than our insurers and our affiliate, Central One Federal Credit Union.
Oak Tree Insurance Agency is located inside Central One's main office at 714 Main Street, Shrewsbury, MA 01545.
| ||Hours of Operation|
|Monday||7:00 am to 4:30 pm|
|Tuesday||8:00 am to 4:30 pm|
|Wednesday||7:00 am to 4:30 pm|
|Thursday|| 8:00 am to 4:30 pm |
9:00am to 12pm – Auburn Branch
|Friday||8:00am to 4:30pm|
Oak Tree Insurance Agency
714 Main Street
Shrewsbury, MA 01545
Oak Tree Insurance (Oak Tree Insurance Agency, LLC) is an affiliate of Central One Federal Credit Union. Business conducted with Oak Tree Insurance is separate and distinct from any business conducted with the Credit Union. Insurance products are not deposits of Central One and are not protected by the NCUA. They are not an obligation of or guaranteed by the credit union and may be subject to risk. Insurance required as a condition of the extension of credit by Central One may be purchased from an agent or insurance company of the member's choice without affecting the approval of the application for credit. If you have any concerns or complaints regarding this relationship, you may contact the Massachusetts Office of Consumer Affairs (OCA). For information on how to contact the OCA, visit http://www.mass.gov/oca. See the Oak Tree Insurance consumer disclosure for complete details.