TruStage CEO On What DEI Means In The Insurance Industry
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Forbes
4.8 • 6 Ratings
🗓️ 5 February 2024
⏱️ 18 minutes
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| 0:00.0 | Hi everyone I'm Rose Marie Miller and today I have the pleasure of speaking with |
| 0:07.2 | Terence Williams the president and CEO of True Stage. Thank you so much for |
| 0:12.0 | joining me today Terence. Thank you for having me. I'm excited about the opportunity and the dialogue. |
| 0:18.0 | Absolutely. So, Terence, before we dive into you in your past, could you give us a brief overview of what true stage is? |
| 0:27.0 | Sure, absolutely. True stage is a mutual insurance organization that's been around since the 1930s. |
| 0:34.8 | We were founded in Madison, Wisconsin under the, with the idea of representing and partnering |
| 0:41.2 | with credit unions to better serve their members. |
| 0:45.0 | Over the years, while we've evolved and grown with change, we've maintained a commitment to the credit union system. |
| 0:52.0 | So it was almost setting. it meant to the credit union system. |
| 0:52.5 | So it was almost second revenue |
| 0:55.5 | is driven through credit union. |
| 0:57.4 | So think of us as a B to B company |
| 1:00.8 | who goes to market through partners to reach investors with financial solutions, |
| 1:06.0 | insurance products, retirement plans, etc. So we serve over 35 million |
| 1:11.0 | customers across the United States. We partner with 95 plus percent of |
| 1:16.7 | credit unions in the United States. We are about five and a half billion dollars in |
| 1:21.9 | revenue and as I said we billion dollars in revenue. |
| 1:23.4 | And as I said, we're headquartered in Madison, Wisconsin, |
| 1:26.3 | and we have about 4,000 employees across the country |
| 1:29.3 | that make up our modernization. |
| 1:31.6 | Oh my goodness. And you said, true stage has been around since the 1930s and if I'm not |
| 1:37.3 | mistaken you are the first black CEO it's almost 20. What are your thoughts on that? |
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