On the heels of a rebranding initiative, Hawaii State FederalCredit Union has made some changes to its investment program.

The $1.3 billion Honolulu-based cooperative's Hawaii StateInvestment Services program has partnered with CUSO Financial Services LP, broker-dealer and investmentadviser.

The program will operate under a dual employee model in whichfinancial advisers are employed by the credit union but licensed,registered and supervised by CFS, according to the CUSO. The advisers will support all eight of the credit union'sbranches on Oahu and Maui.

Although Hawaii State FCU had a previous investment program,executives wanted to explore other broker-dealer options that would better serve its members andhelp grow the investment program, CFS said.

“We attended the organization's annual conference and could seethe care management took in planning an educational and valuableevent that would help grow our knowledge base, as well as make ourinvestment program a core component of our offerings,” said CraigWarren, executive vice president at Hawaii State FCU.

The CFS investment program is led by producing program managerDavid Kimura, along with two advisers, a sales assistant and a CFS regional programdevelopment manager. The credit union plans to hire two additionaladvisers within the next year, according to CFS.

Hawaii State FCU had undergone a complete rebranding with a newlogo, tagline and website, as well as an increased emphasis toincorporate technologies to better serve the needs of members, thecredit union said.

Based in San Diego, CFS serves more than 150 credit unionsnationwide.