Broker Dealer CUSO Financial Services, L.P. Welcomes New Investment Program Client Coastal Federal Credit Union

Executives choose CFS for its advanced technology and record of growing investment programs

Jan 31, 2012, 07:58 ET from CUSO Financial Services, L.P.

SAN DIEGO, Jan. 31, 2012 /PRNewswire/ -- CUSO Financial Services, L.P., (CFS) a full-service broker dealer and SEC Registered Investment Adviser providing customized investment and insurance solutions to credit unions, has added Coastal Federal Credit Union, Raleigh, North Carolina to its list of clients. With almost $2 billion in member assets, the credit union serves more than 190,000 members through 15 branches. The investment program will operate under the Coastal Wealth Management banner. Although the investment program has been successful for more than 10 years, credit union executives and Marvin (Al) Jones, Program Manager and VP, Wealth Management, wanted to partner with a broker dealer that could help take the program to new heights. The group conducted due diligence for one year, meeting with five broker dealers, and chose CFS for three main reasons. CFS offered:

  1. The ability to grow the wealth management department within the credit union:  CFS provides personalized service and the resources to help them grow.
  2. Better technology:  Coastal executives were impressed with the CFS Web-based account management system, dataVISION.
  3. A broad product and strategy platform: As more members require different strategies, including insurance and fee-based accounts, the new broker dealer needed to provide these products and services.


"CFS had everything: people, technology, products and services," said Jones. "They focus on doing what is right for the member. We pride ourselves on offering advisory services which are non-proprietary and unbiased.  Being salaried credit union employees allows us to focus on our members' financial betterment.  CFS doesn't offer proprietary products and encourages advisors to choose whatever is best for our member." 

Coastal was established in 1967 by eight employees of International Business Machines Corporation (IBM). In 1991, membership was expanded to include employees of other businesses throughout the Raleigh-Durham-Chapel Hill market. Coastal Wealth Management is made up of Jones, five advisors, one sales assistant, one financial planning specialist, and one administrative assistant.

"We welcome Coastal as a strong performing credit union that will bring additional knowledge and expertise to our top performing client base," said Valorie Seyfert, CFS president and CEO. "The team at Coastal is very good at identifying their goals, and we look forward to helping them chart their course to achieve those goals. We're pleased to expand our client roster with such a focused team as Coastal." 

About CUSO Financial Services, L.P.

Established in 1997, CUSO Financial Services, L.P. (Member FINRA/SIPC) is headquartered in San Diego and has more than 135 credit union users, including 25 of the top 100 credit unions in the country.  With branch offices located nationwide, and more than 350 licensed representatives, 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

About Coastal Federal Credit Union

Coastal Federal Credit Union is a not-for-profit, member-owned, financial cooperative, offering a full range of financial products and services. Coastal was chartered on August 31, 1967 with the mission of fostering the credit union philosophy of "people helping people".  Today, with $2 billion in assets, Coastal serves 190,000 members from 1,200 business partners and is among the leading financial institutions in North Carolina.  Coastal operates 15 branches in the Triangle market and serves members in all 50 states through a network of 4,200 shared branches 50,000 surcharge-free ATMs and a robust offering of online services at

Alexia Haynes

SOURCE CUSO Financial Services, L.P.