CUSO Financial Services to Provide Managed Investment Program to SESLOC Federal Credit Union Central California credit union to utilize CFS full management services to develop new program
SAN DIEGO, Nov. 6, 2013 /PRNewswire/ -- CUSO Financial Service, L.P. (CFS), a full-service broker dealer and SEC Registered Investment Adviser that provides customized investment and insurance solutions to credit unions, announces SESLOC Federal Credit Union as a new investment program client. The investment program is a new service offered by the credit union, and will operate as a managed program, meaning the broker dealer will employ, license and manage the investment advisors. With four branches and a phone center along the Central California coast, SESLOC is a community-based credit union serving more than 36,000 members. It has more than $607 million in assets.
SESLOC's member-focused philosophy, "Educate, Empower and Enrich," prompted credit union executives to add an investment program to provide more financial options for members. Executives completed extensive due diligence, reviewing three top broker dealers in the space and interviewing other credit unions for references before selecting CFS.
"After a thorough review of the marketplace, we've chosen CFS because of its distinct focus on financial institutions and its stellar reputation among our peers. CFS management understands our needs as an organization and has the products and services we need to execute our long term strategic goals," said SESLOC's Chief Operating Officer David Wood. "The technology tools they offer help us provide a more integrated and better experience to our members, which is very appealing and way beyond the offerings available from their competitors. We will have the ability to integrate our members' investment accounts into our home banking system so they will be able to see all of their accounts with a single sign-on. This is right in line with our philosophy of empowering our members," he said.
CFS Program Manager Tom Hubert will oversee the program with two advisors, Kevin Hemme and Michael Johnson. The team has already completed several successful workshops for members and a number of employee training sessions focused on identifying member needs and providing referrals to the investment advisors.
"The entire team at SESLOC has embraced this investment program and is actively focused on quickly ramping up business," said Valorie Seyfert, CFS president and CEO. "It's clear they want to provide comprehensive resources for their advisors and members, and we're eager to help them achieve their desired results. We look forward to providing full-spectrum program management and growth for the SESLOC team."
Credit unions interested in learning more about CFS should explore www.cusonet.com or call 858-530-4400.
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.
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