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RALEIGH, N.C. — Seeing an opportunity to further meet the needs of what it considers the neglected investor, the $15 billion State Employees Credit Union has bought the remains of XCU Capital Corp., a credit union-owned broker-dealer and investment advisory firm that was acquired by LPL Financial Corp. in August 2007.

SECU, which had been a client of XCU Capital for the past five years, purchased XCU Capital in October 2007 for $40,000, said Jim Blaine, president/CEO of the credit union. Rather than transition over to LPL Financial, SECU decided to buy the CUSO bringing the credit union’s 6,000 accounts totaling roughly $30 million in house.

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