Balance Sheet Solutions Exceeds $5 Billion in Investment Transactions
The $7.5 billion Members United Corporate Federal Credit Union's wholly owned CUSO has also had trading volume of nearly $1.6 billion in sales of federal agencies, Treasuries, corporate bonds and mortgage-backed securities for 2009.
"This volume exceeds our total marketable security sales for 2007 and 2008 combined," said Executive Director Mike Thomas.
In addition, SimpliCD brokered certificate sales surpassed $1.8 billion as of October 31. The firm's registered representatives have also assisted customers with executing nearly $1.6 billion in reverse repurchase transactions.
Created in 2003, Balance Sheet Solutions LLC, assists its credit union clients with a wide range of investment alternatives.
Thomas attributed this year's growth to credit unions' desire to diversify their investment holdings, as well as the deep relationships the sales team members have developed with credit unions across the country.
"The numbers speak for themselves. Our credit unions appreciate the significance of our value-added methods," he said.