SAN DIEGO — Three Georgia credit unions are the first to take part in a new investment consortium program from CUSO Financial Services, LP.

In the CFS program, an investment representative works with each of the respective credit union staffs to define the best offerings for the members. With one advisor typically supporting three to five credit unions, he or she spends at least one day a week at each credit union office and is available by phone for private appointments, according to CFS.

Among the first to take advantage of the offering are $34 million CORE Credit Union, $71 million Fort Stewart Georgia Federal Credit Union and $56 million Georgia Heritage Federal Credit Union.

"We've learned from CFS that members who use a credit union's investment services typically have larger deposit and loan balances than those who don't," said Bobby Michael, president/CEO of CORE. "We also wanted to provide the program to make sure our members get the attention they deserve when it comes to their retirement funds."

Valorie Seyfert, president/CEO of CFS, said the broker-dealer and registered investment advisor analyzed the small credit union market and determined that a new model was needed to assist them with limited resources.

"With these consortium programs we bring competitive advantages to our credit unions to increase assets beyond deposit accounts," Seyfert said.

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