VIENNA, Va. – Through an alliance with, FOLIOfn, a provider of investment services, MEMBERS FOLIO Investing program is now used by more than 600 credit unions nationwide. Through its registered broker-dealer subsidiary, FOLIOfn Investments, Inc., the company offers an integrated brokerage platform featuring its "basket-trading" capability and execution, clearance and settlement services. MEMBERS FOLIO Investing is offered directly to retail customers and through intermediaries and lets individual investors buy customized portfolios of securities in a single transaction. MEMBERS FOLIO Investing is offered through a partnership between FOLIOfn Investments, Inc. and the CUNA Mutual Group. The investment service was brought to CUNA Mutual by MEMBERS Development Company, LLC, an alliance of credit unions and their service organizations. The program has a new $14.95 pricing plan that allows members to open an account and make unlimited commission-free window trades per month. Members also have several investment options including choosing to buy and sell securities for $2.95 or make automatic, recurring investments for just $1.95 and make trades that go directly to the market for $14.95.
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
Already have an account? Sign In Now
© 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.