Nonprofit Unemployment Fund Gets Acquired

Nonprofit Unemployment Fund Services, Inc. (NUF) has been acquired by Amynta Group in New York City. Terms of the transaction were not disclosed. Located in Morro Bay, Calif., NUF offers members unemployment claims management and fund administration services. NUF will become part of Amynta’s subsidiary, First Nonprofit, which is a full-service provider of unemployment insurance solutions to nonprofit entities.

“NUF has been providing its members with innovative solutions and outstanding service for many years,” said Mario Poretto, president of Amynta’s First Nonprofit. “The addition of NUF will expand our presence on the West Coast and broaden our service offerings. We look forward to working together in assisting members in delivering efficient cost management solutions, so they can invest more money in their missions.”
“Partnering with First Nonprofit will enhance our member services, capacity and overall program capabilities, allowing us to better serve our members,” said Woody Clark, President and Founder of NUF, who will join First Nonprofit. “We look forward to working with First Nonprofit and delivering best in class insurance solutions to our members.”

First Nonprofit serves more than 2,000 organizations and more than 500,000 employees nationwide with state-compliant, individually insured, options that satisfy State Unemployment Insurance (SUI) requirements for 501(c)3 nonprofit, government and tribal entities.

For information about Nonprofit Unemployment Funds Services, Inc., please visit nufund.org.