More than three years after a popular investment program used by credit unions ended its co-branding alliances, Patelco Credit Union is happy with its replacement.
The $3.6 billion Patelco's CUSO, Patelcorp Inc., recently signed on with SaveDaily's InvestDaily program that allows members to designate the amount and frequency of their investments, which are then deducted from any number of accounts they choose.
Patelco in Pleasanton, Calif. was one of roughly 125 credit unions that partnered with ShareBuilder Corp., an online brokerage company that offered low-cost, online brokerage transactions and automatic investment plans.
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