CARLSBAD, Calif. — Making good on one of its goals to bring more services to members, Continental Federal Credit Union has partnered with XCU Capital Corp. to make it happen with an expanded investment and insurance program.
The agreement increases 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."
Todd Bolen, vice president of investments and financial consultant for XCU Capital, who will be providing investment consulting to the branch, was on-site in Tempe along with Eileen Griffin, XCU's vice president of marketing and human resources. In Houston, XCU's vice president of sales Hugo Ernst, provided staff training and an "Introduction to XCU" session. A "Get to Know your Broker" promotion is planned for May.
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. Continental said starting this month it will also provide members with extended shared branch and ATM networks and more mortgage products, certificates and more streamlined and faster consumer and home loan processing. –[email protected]
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