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Municipal Credit Union adds wealth management to member offerings
Investment program offered through strategic partnership with CUNA Mutual Group
NEW YORK CITY, NY (March 16, 2015) — Municipal Credit Union (MCU) will begin offering wealth management services to its members. The MEMBERS Financial Services program is a comprehensive service which includes financial planning, retirement planning, and a portfolio of investment products, including stocks and bonds, mutual funds, and tax-deferred investments.
The credit union has established an agreement with CUNA Mutual Group and its affiliated broker/dealer, CUNA Brokerage Services, Inc. to provide this program. These services will be offered to MCU members through in-branch consultations and private appointments at MCU’s corporate office in Manhattan.
“We are very pleased to expand the scope of our products and services offered to our members” said MCU President/CEO Kam Wong. “We recognized our members wanted to turn to MCU to help them with their financial planning, retirement planning, and wealth management needs. After much research, we chose CUNA Mutual Group to provide this service to MCU members because of their ability and track record to offer the advice and products that would best help our members achieve long-term financial stability.”
“We share an enduring purpose with Municipal Credit Union – helping credit union members and their families build a more secure financial future. Our partnership means that we can have a real and positive impact on the lives of MCU members and their loved ones,” said Jeff Bosco, senior vice president – wealth management at CUNA Mutual Group.
MCU will begin rolling out the MEMBERS Financial Services program in May.
Municipal Credit Union (MCU) is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, MCU currently has assets of over $2.1 billion and offers a full range of financial services to over 375,000 members. With branches in New York City, Westchester and Long Island, members also have access to the credit union’s large and growing ATM network. Eligibility to open accounts at MCU is available to New York City and Yonkers municipal employees; state and federal employees who work in the five boroughs; health care professionals who work in New York State; members of select industry groups; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; certain family members, and qualifying retirees. MCU is an equal opportunity lender and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit www.nymcu.org.
CUNA Mutual Group was founded in 1935 by credit union pioneers, and our commitment to their vision continues today. We offer insurance and protection for credit unions, employees and members; lending solutions and marketing programs; TruStageTM-branded consumer insurance products; and investment and retirement services to help our customers succeed. More information is available on the company’s website at www.cunamutual.com.