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PEMCO Insurance history
PEMCO Insurance company history timeline
Because credit unions were not then permitted to own real estate, in 1949 Handy personally financed the credit union's first office building at 325 Eastlake Avenue in Seattle's Cascade Neighborhood.
In 1961, he retained the services of Stanley O. McNaughton, a former Seattle University economics professor and insurance consultant, to help modernize his organizations.
In 2002 the name was changed to School Employees Credit Union of Washington. It is now wholly owned by PMIC. PEMCO Life Insurance Company was chartered in 1963, and is now wholly owned by PEMCO Corporation.
PEMCO's Eastlake Avenue headquarters in 1965
Credit Union membership soared to 40,000 in 1972, making it the largest such organization in Washington.
PMIC also assumed ownership of the PEMCO Insurance Company, which was chartered in 1972 to offer preferred auto insurance for educators.
Handy and McNaughton helped to win state approval of the Washington Credit Union Share Guarantee Association in 1975 and legalization of check-like credit union "share drafts" the following year.
When Robert Handy died on December 30, 1984, Stanley McNaughton was already CEO of the PEMCO group.
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PEMCO Insurance competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Esurance | 1998 | $1.0B | 3,000 | - |
| GEICO | 1936 | $25.5B | 40,000 | 1,127 |
| The Travelers Companies | 1853 | $231.7M | 30,800 | 1,914 |
| Allstate | 1931 | $44.7B | 45,780 | 968 |
| Farmers Insurance | 1928 | - | 19,000 | 568 |
| Progressive | 1937 | $35.0M | 43,001 | 119 |
| Armed Forces Insurance | 1887 | $69.1M | 350 | - |
| Homesite Insurance | 1997 | $840.0M | 35 | 2 |
| Great West Casualty Company | 1956 | $560.0M | 742 | 36 |
| Foremost Insurance | 1952 | $250.0M | 12,740 | - |
PEMCO Insurance history FAQs
Zippia gives an in-depth look into the details of PEMCO Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about PEMCO Insurance. The employee data is based on information from people who have self-reported their past or current employments at PEMCO Insurance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by PEMCO Insurance. The data presented on this page does not represent the view of PEMCO Insurance and its employees or that of Zippia.
PEMCO Insurance may also be known as or be related to PEMCO Mutual Insurance Company, Pemco Insurance, PEMCO Insurance and PEMCO Insurance Agency Inc.