Broker Dealer CUSO Financial Services Adds Mid-Atlantic Federal Credit Union as New Client
Maryland credit union chooses broker dealer to build new investment program
SAN DIEGO, Aug. 21, 2013 /PRNewswire/ -- CUSO Financial Services, L.P. (CFS), a full-service broker dealer and SEC Registered Investment Adviser that provides customized investment and insurance solutions to credit unions, announces Mid-Atlantic Federal Credit Union (MAFCU) as a new investment program client. The $270 million credit union's investment program, "MAFCU Financial Services," is a dual employee program with CFS, meaning managers and advisors are employed by the credit union but are licensed, registered and supervised for compliance through CFS.
MAFCU executives wanted to add an investment program to expand service offerings for members. After spending six months reviewing RFPs, the executives narrowed their choices to four broker dealers, completed further due diligence, then decided on CFS for its broad choice of products, its sophisticated technology, and its ability to help the program expand.
"I worked with CFS when I was with another financial institution and always appreciated how well they know credit unions, which made me very comfortable to move forward," said Rick Wieczorek, MAFCU president and CEO. "I strongly believe that CFS has the ability to help us offer investment services as a core offering. We are confident the broker dealer will help us grow our investment program and reach our goals for our members."
Founded in 1968, MAFCU is a community-based credit union serving more than 22,200 members via four branches in Montgomery County, Maryland. The investment program provides full-service investment solutions through CFS, including financial planning, retirement annuities, college planning and funds, Socially Responsible Investments (SRIs), stocks, bonds, mutual funds and exchange traded funds (ETFs).
CFS Program Manager Christopher Urso will lead the program. He has already hired financial advisor David Nau, CFP, who brings his broad industry expertise to MAFCU investment members.
"Mid-Atlantic FCU's senior executives recognize the sophistication that consumers expect from their financial institutions, and have taken a great step to provide the services their members demand," said Valorie Seyfert, CFS president and CEO. "Their exhaustive due diligence and dedication to choosing the best for their members falls right in line with our core values. We're honored they have chosen us and we look forward to a great partnership."
Credit unions interested in learning more about CFS investment programs can call 1-800-686-4724 or visit www.cusonet.com.
About CUSO Financial Services, L.P.
Established in 1997, CUSO Financial Services, L.P. (Member FINRA/SIPC) is headquartered in San Diego with branch offices located nationwide. CFS is a full-service broker dealer and SEC Registered Investment Adviser offering customized investment and insurance solutions to credit unions. For more information, call 858-530-4400 or visit www.cusonet.com.
SOURCE CUSO Financial Services, L.P.
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