Through a new partnership with CUSO Financial Services LP, Coastal Federal Credit Union is looking to build on its investment program that’s been in place for more than a decade.
CUSO Financial, a San Diego broker-dealer and registered advisory firm, said it will provide investment and insurance products and services to the $2 billion Coastal FCU in Raleigh, N.C. The investment program will operate under the Coastal Wealth Management banner.
CFS said although the credit union’s program has been successful for more than 10 years, Coastal FCU’s executives and Marvin (Al) Jones, program manager and vice president of wealth management, wanted to partner with a broker dealer that could help take it to new heights.
“We pride ourselves on offering advisory services which are non-proprietary and unbiased. Being salaried credit union employees allows us to focus on our members' financial betterment,” Jones said.
CUSO Financial said it serves more than 135 credit unions and has more than 350 licensed representatives nationwide.