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Broker Dealer CUSO Financial Services Adds KEMBA Financial Credit Union to Client Roster
Top quartile Ohio credit union chooses broker dealer for culture, technology
SAN DIEGO, CA (March 4, 2013) – 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 KEMBA Financial Credit Union (KEMBA) as a new investment program client. The Ohio credit union operates eight branches and ranks among the top 25 percent in growth as compared to its competitors. KEMBA is a community- and SEG-based credit union, serving more than 65,000 members, and has more than $750 million in assets. KEMBA’s investment program, KEMBA Retirement Services, is a managed program with CFS, meaning investment advisors are employed and managed by CFS.
KEMBA’s investment program has been serving members for more than 10 years, but executives wanted to partner with a broker dealer that can help grow the program and as well as deliver more services to members. After reviewing six other broker dealers, and performing on-site reviews with two, KEMBA executives chose CFS for its ability to help the program expand.
“We wanted a broker dealer that would help us take our investment program to the next level while at the same time be willing to lead the market,” said Phil Hunt, KEMBA chief financial officer. “CFS is radically different. Their technology makes data available to both advisors and members in a better way. We are confident they will help us reach our goals for our program and our members.”
KEMBA will be integrating CFS’ My Portfolio View® tool in the next 60 days. The technology module provides credit union members with single sign-on access to both banking and investment accounts. Additional future plans include hiring more financial advisors and offering educational workshops through CFS.
“We welcome KEMBA as a top performing credit union and are excited to help them achieve their goals,” said Valorie Seyfert, CFS president and CEO. “Their focus on strong growth and exceptional member services is right in line with our values. We look forward to a great partnership.”
Credit unions interested to learn 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 and works with more than 150 credit unions across the country. 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.