Just in time for its one year anniversary, Accolade Investment Advisory, the CUSO owned by Southeast Corporate, has reached $500 million in assets under management.

Tallahassee, Fla.-based Accolade represents credit unions in Florida and Mississippi. In addition to growing its business during its first year, Accolade said it developed a reporting suite for clients, which includes bond accounting, interest rate risk analysis and all required regulatory reporting as well as management reports.

"Accolade's success in exceeding our goals is reflective of the challenges credit union CFO's face juggling a heavy workload and at the same time managing their investment portfolios," said Peter Gibson, director of investment advisory services for Accolade. "In normal times this is challenging, but given today's unprecedented market conditions it is even more difficult. At the same time regulatory scrutiny for most CFO's has increased."