Corporate America Credit Union CUSO Signs Broker-Dealer Pact
Corporate Investment Services Inc., a wholly owned CUSO subsidiary of Corporate America Credit Union, and Multi-Bank Securities Inc. have come together to provide investment products and additional securities-related services to credit unions.
Through the new alliance, Corporate Investment Services said its customers can now take advantage of free safekeeping through an independent third party, free portfolio analysis reports through BondEdge, and access to a portfolio accounting tool called SunGard, as well as an expanded lineup of fixed-income investment products from MBS.
The CUSO said it will also be able to offer MBS’ eConnectDirect to its credit union customers.
Based in Irondale, Ala., the $2.8 billion Corporate America serves more than 500 credit unions. Headquartered in Southfield, Mich., MBS said it is an independent, fixed-income securities broker-dealer that has been serving institutional investors nationwide for more than 25 years. The company has additional offices in Fort Lauderdale, Fla., Newport Beach, Calif., and Columbus, Ohio.