Press

Great Lakes Credit Union provides accessible and affordable investment opportunities with EasyVest launch

BANNOCKBURN, IL (August 24, 2022) — Great Lakes Credit Union (GLCU) is thrilled to announce its members can now open an investment account with as little as $200, and typically in minutes, directly through GLCU’s online and mobile banking platforms. The CU has launched EasyVest, an automated investment management tool through which members can build investment portfolios with low-dollar amounts, and benefit from data-driven guidance provided by the tool’s robo-advisor.

“By offering EasyVest, GLCU is pleased to have an option that ensures investing is both more affordable and accessible for our members. This creates an opportunity for those members interested in growing their assets through investments, but who might not otherwise be able to participate in the wealth management program we offer today, due to the size initially of their investment’s assets,” said Steve Bugg, GLCU CEO & President.

“Through this launch, GLCU will empower members who are new to investing with added support in making the best investment decisions for their goals. EasyVest’s robo-advisor will serve as members’ automated personal investment guru, reviewing their risk appetite and objectives to suggest the right portfolio for them.

“Once members build up their portfolio, they will have the ability to meet with one of GLCU’s financial wealth management advisors and take their investing to the next level.”

To help members get started, EasyVest provides an array of low-cost, broad index Exchange-Traded Funds (ETF) portfolios with a recommendation of which tailored investment plan best fits their criteria. Members need just $200 in at least one GLCU share or checking account to set up their EasyVest investment account.

As members grow their portfolio, they can set up automatic transfers between accounts, view balances, adjust the time horizon or investment objectives, and more. The tool continuously analyzes live market data and automatically re-balances members’ portfolio in response to market changes, so that that the investment journey at GLCU remains simple, smart, and seamless.

As part of its commitment to serve and empower its members, GLCU is delighted to make investing opportunities and financial guidance more readily available, in order to help members reach their investment goals and serve their evolving financial needs.

Those members who are just starting out, rebuilding their financial history or simply looking for another investment opportunity can benefit from EasyVest directly through GLCU’s online banking or mobile banking app.


About Great Lakes Credit Union

Founded in 1938 and headquartered in Northern Illinois, Great Lakes Credit Union is banking for a  greater good. As a not-for-profit financial cooperative with over $1.3 billion in assets, GLCU is proud to  serve 80,000 members in Chicagoland and surrounding areas, and to give back to its members and  communities through education, volunteerism, and partnerships. Learn more about GLCU’s accounts,  educational initiatives, and community development programs at www.glcu.org

Contacts

Media Department
MarketingDepartment@glcu.org
(847) 578-7397

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