MADISON, Wis. – With more than $310 million in assets and 1,400 accounts, managed accounts are quickly becoming one of CUNA Mutual Group's MEMBERS Financial Services program's most highly sought investment offerings. Managed accounts are professionally managed portfolios of individual securities that act like a mutual fund with diversification and management expertise but the investor holds all the stock in his or her own name and account. Industry wide, more credit unions are starting to offer the accounts Launched in 1999, the MEMERS Advisory Portfolios is a fully discretionary and professionally managed mutual fund-wrap program. While the minimum balance needed to open the account is $50,000, the average account balance is well over $200,000, according to MEMBERS Financial. The MEMBERS Personal Portfolio is the newest addition, launched in 2003 and having $16 million in assets. The minimum opening balance for this managed portfolio of individual stock and fixed income investments is $250,000. There are currently 75 credit unions with active managed account programs through MEMBERS Financial. Managed accounts totaled $506.63 billion in 2003, topping the half trillion dollar mark for the first time ever, according to The Money Management Institute (MMI), a trade group representing the managed account industry.