Tampa Bay credit union expands again, buying a 900-client insurance firm

First banks. Now a credit unions is buying an insurance company. 

This comes from Dunedin-based Achieva Credit Union, which announced it recently acquired Tampa-based Cannella Insurance Services. Cannella Insurance has some 900 insurance clients, primarily in the Tampa Bay region. Founded in 2003 by Joseph Cannella, it also has clients in Lee, Broward and Miami-Dade counties, according to a statement. 

Financial terms of the deal weren't disclosed. Cannella Insurance will continue to operate under the same management and team under the new name, Achieva Insurance Agency LLC. Cannella was named director of Achieva Insurance Agency LLC, the release states.