SAN DIEGO -- CUSO Financial Services LP has entered into anagreement with Navy Federal Brokerage Services LLC and Navy FederalAsset Management to provide back office investment supportservices.

CFS said it will provide NFBS, a broker-dealer, and NFAM, aregistered investment adviser, with back office efficiencies,including operations administration, trading services, anddataVISION, a proprietary Web-based, online support platformdeveloped by CFS. Both firms are subsidiaries of $35 billion NavyFederal Credit Union.

"At CFS, we believe in having the flexibility to providecustomized program offerings that meet the needs of all types andsizes of credit unions," said Valorie Seyfert, president/CEO ofCFS. "In our relationship with Navy Federal Credit Union, theseflexible strategies will bring them much greater efficiencies andthe ability to focus on doing what they do best, while we do whatwe do best. It's a great partnership for both of us."

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