Members of the $1.7 billion Baxter Credit Union who prefer a self-directed online alternative when it comes to investing will now have that option.
The Vernon, Ill.-based credit union has teamed up with TD Ameritrade to provide the option at special preferred rates to members who feel comfortable with, and want to make their own, investment decisions, according to BCU.
Members will also have access to free financial educational resources, portfolio planning and management tools, independent research and market information designed to help them with their investments, the credit union said.
“When we identify an opportunity to deliver more value to our membership, we do so, and working with TD Ameritrade is a great example of a benefit our members would not get from another financial institution,” said Tom Moore, senior vice president of financial products and strategies and chief financial officer.
The self-directed benefits are also available to BCU members who have an existing account with TD Ameritrade, according to the credit union. Members have 90 days to notify the firm of their relationship with the credit union to take advantage of preferred pricing.
Formed in 1981, BCU serves more than 150,000 members.
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