Seven more credit unions have signed on with INVEST Financial Corp. for brokerage and investment services.
The recent additions to INVEST’s lineup are the $311 TopLine FCU in Maple Grove, Minn., $459 million Merck Sharp & Dohme FCU in Chalfont, Pa., $373 million Crane FCU in Odon, Ind., $365 million Hoosier Hills CU in Bedford, Ind., $212 million Tampa Bay FCU in Tampa, Fla., $126 million Emory Alliance CU in Decatur, Ga., and the $109 million Tri County Area FCU in Pottstown, Pa.
The Tampa, Fla.-based independent broker-dealer INVEST is a subsidiary of the National Planning Holdings Inc., an affiliate of Jackson National Life Insurance Co.
INVEST said it currently serves more than 150 banks and credit unions and more than 1,100 representatives nationwide.
Over the past year, two large credit unions also have signed on with INVEST – the $1.5 billion Texans CU in Richardson, Texas and the $4.5 billion Bethpage FCU in Bethpage, N.Y., which rebranded its investment program through the firm.