Broker-Dealer Signs $800 Million Black Hills FCU
The $800 million Black Hills Federal Credit Union and a $1 billion Pennsylvania bank are the latest clients to sign on with INVEST Financial Corp. for brokerage and investment services.
Black Hills FCU chose INVEST for its technology, resources and experience working with both CUs and banks, according to Josh Speidel, CUSO manager at the Rapid City, South Dakota-based cooperative. The CU has 10 member service centers. With $1 billion in deposits and 25 branches throughout central and eastern Pennsylvania, Graystone Tower Bank has also partnered with INVEST.
INVEST, a subsidiary of the National Planning Holdings Inc., an independent broker-dealer network, is a broker-dealer based in Tampa, Fla. NPH is an affiliate of Jackson National Life Insurance Co. The broker-dealer serves more than 120 banks and CUs.