<p>FERNDALE, Mich. – Members of Credit Union ONE wanting a more hands-on approach to the type of investments they secure now have access to a stock-building program. Credit Union ONE recently partnered with Online Investments, Inc. to offer its members CUStockFund.com, a private-label online stock purchasing service. An annual fee of $135 allows members to make unlimited monthly purchases from a listing of more than 500 stocks in the "fractional share investing program." Members can also choose to pay as little as $10 for each stock chosen. This is a way for members to have "access to share in the wealth component of stock investment," said Armando Cavazos, president of Credit Union ONE. CUStockFund.com's investment services also includes online enrollment, stock selection, member support, detailed company research, investment tutorials, educational articles, stock research and price quotes. "There is a strong synergy between the credit union philosophy and the implicitly conservative values of CUStockFund's systematic approach to investing," said Stewart Christ, president and CEO of Online Investments, Inc. Credit Union ONE serves more than 100,000 members.</p>

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 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.