TAMPA, Fla. — Nearly seven months shy of its five-year anniversary, MEMBERS Trust Company is celebrating another milestone: $500 million in assets under management.

Launched Nov. 1, 2003, MEMBERS Trust now serves 58 credit unions in 16 states. The nationally-chartered CUSO provides a range of trust and investment services including trust and estate administration, investment advice, portfolio management and just recently introduced reverse mortgages.

The $2.5 billion CEFCU is one credit union that has aligned with MEMBERS Trust.

“CEFCU sees great benefit in partnering with MEMBERS Trust Company to provide member/owners with an even wider range of products and services to best meet their financial needs,” said Mark Spenny, president/CEO.

Tom Walker, president/CEO of the trust company, said the CUSO is an example of how collaboration can pay off.

“MEMBERS Trust Company represents the very best in terms of what can be accomplished for the good of members when credit unions work together with common goals and interests,” Walker said. “Owned and managed by credit unions, [the trust company] constitutes a hybrid entity which embraces both a profitability objective as well as a service mission to members.”