Baxter Picks Broker-Dealer
The $1.5 billion Baxter Credit Union has signed on with CUSO Financial Services LP for broker-dealer services.
The Vernon Hills, Ill.-based CU's investment program serves 33 branches in the U.S. and Puerto Rico with a producing manager, six advisors and four support staff, according to CFS. The CUSO plans to help BCU expand that staff to 10 to 15 advisors within the next two to three years, as well as to add some ancillary services. BCU's investment program has been in place for more than 15 years.
Based in San Diego, CFS serves more than 125 credit unions through more than 350 licensed representatives.