Gesa Financial Credit Union has officially launched its new investment arm, Gesa Financial Solutions.
Making its debut in December, the $900 million Gesa CU in Richland, Wash., contracted with CUSO Financial Services LP to provide the broker-dealer services and back-office support (CU Times, June 17, 2009). CFS is owned and managed by credit unions and provides similar broker-dealer services to more than 100 credit unions nationwide.
Gesa CU's new division will begin with financial consultants Bob Wilson and Rick Wilson serving members. Bob Wilson will be located at the new corporate headquarters in Richland and Rick Wilson will serve at a new branch in South Kennewick. The headquarters branch and investments office opened Dec. 7 and the South Kennewick branch was scheduled to open Dec. 14. Another financial consultant will be hired within the next couple of months, according to Christina Brown, president/CEO of Gesa CU.