The $930 million New England Federal Credit Union is the latestto sign on with broker-dealer and registered investment adviserCUSO Financial Services LP.
|The Williston, Vt.-based credit union said while its investment program has been active for approximately 10 years,executives wanted to work with a broker dealer that better fit itsculture. The cooperative said it reviewed six other broker dealers,and completed extensive due diligence on three before deciding onCFS.
|“We wanted a broker dealer that could create a memberexperience based on credibility, trust, and advice. CFS has alreadydelivered on their promises and our investment program is beginningto serve members in the way we had always envisioned,” said BillSmith, senior retail delivery executive at the credit union.
|New England FCU's investment program is operated under theNEFCU Financial Group banner, and is a CFS managed program, meaninginvestment advisers are employed and managed by the CUSO, accordingto the firm. CFS said CFS program managers have already hired twofinancial advisers to serve the credit union's members.
|The San Diego-based CFS said it now works with more than 150credit unions.
|Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
