CARLSBAD, Calif. — Members of Continental Federal Credit Union will now have an expanded line of investment and insurance services thanks to a partnership with XCU Capital Corp.
The agreement expands the services available to members of the $182 million credit union to provide additional financial products such as mutual funds, annuities, equities and all types of insurance products, according to XCU Capital.
The investment program officially launched on April 16 and introductory "roll-outs" were completed at Continental's locations in El Segundo, Calif., Tempe, Ariz. and Houston. The US Airways Tempe branch provided the XCU staff with an area to display information and provided an opportunity to invite employees of US Airways to stop by and receive information about the XCU Capital services now offered through the credit union. XCU Capital said it will also offer investment services at Continental's Newark, N.J. airport location.
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Continental FCU President/CEO Tom Glatt said one of the key reasons for partnering with XCU Capital was "the range of offerings will allow us to make alternative investment and insurance options available to the majority of our members as they progress through various life cycles."
The alliance with the credit union-owned broker dealer comes nearly three weeks after $1.6 billion Wings Financial Federal Credit Union withdrew its merger proposal and campaign towards Continental.
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