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Credit Unions Expand Investment Services Reach

Credit unions offering investment services increase, as banks leave the market.

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Credit unions are dominating the growth in investment services revenue among financial institutions, according to according to Kehrer Bielan Research & Consulting’s “Annual Industry Checkup: 2014/2015,” and financial advisors at credit unions face especially bright futures.

The investment services market is a lucrative one, according to the report. About 13% of American households own an investment bought at their primary bank or credit union, it found, and they tend to have larger checking and savings balances.

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Tina Orem

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