Members of Bethpage Federal Credit Union will have more financial planning and investment strategy options thanks to a newly expanded division at the cooperative.
The $4.2 billion institution in Bethpage, N.Y. has rebranded Bethpage Investment Strategies through a partnership with INVEST Financial Corp., a Tampa, Fla.-based manager of bank and CU investment programs.
According to the Long Island credit union, the expanded lineup will include financial planning, brokerage, asset management, retirement/estate planning, college planning, life insurance, long-term care and disability insurance.
Financial advisers with INVEST serve Bethpage’s more than 180,000-member base, the CU said. Michele Dean, senior vice president of investment services at Bethpage, will continue to head up the group that currently employs nine financial consultants and a four-member support team who manage a $350 million portfolio for more than 4,000 clients.
First established in 1988, Bethpage Financial Services provided services to employees of Grumman Aerospace, the founders of Bethpage. A 2003 federal community charter opened up membership to most residents of Nassau and Suffolk counties.