SAN DIEGO — Small credit unions with limited resources to offer investment services to members have another resource to turn to.
CUSO Financial Services, LP has launched an investment consortium program in which an investment representative works with each of the respective credit union staffs to define the best offerings for the members. With one advisor typically supporting three to five credit unions, he or she spends at least one day a week at each credit union office and is available by phone for private appointments, according to CFS. The CUSO's dataVISION technology platform provides back office information for regulatory compliance support and also offers an individual registered representative user interface and details for each investment client and their credit union.
Three Georgia credit unions are the first to take part in the new consortium. They are $34 million CORE Credit Union, $71 million Fort Stewart Georgia Federal Credit Union and $56 million Georgia Heritage Federal Credit Union.
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