RBC Wealth Management, Garden State Group & NJCUL Services Corporation collaborate to help NJ credit unions with investment management

HIGHTSTOWN, NJ (October 5, 2018)NJCUL Services Corporation and RBC Wealth Management, Garden State Group have collaborated to help credit unions of all sizes assess and improve their balance sheets with Investment Management.

With the Garden State Group’s specific focus on credit unions, the following services are offered:

  • FDIC insured CDs
  • No fees for safekeeping
  • Portfolio reviews
  • Cash flow analysis
  • Interest rate shock testing
  • Liquidity accessibility
  • Bloomberg availability

“Now more than ever, credit unions need savvy advisors when it comes to institutional asset management services,” said David Frankil, President/CEO of the New Jersey Credit Union League and Chairman of NJCUL Services Corporation. “The Garden State Group brings exceptional experience helping credit unions of all sizes meet their finance needs, and we’re delighted to have the opportunity to work with them.”

Garden State Group’s Senior Vice President – Financial Advisor David DePaul’s diverse roster of credit union clients has given him the experience and expertise to understand the challenges facing the industry today. He has more than 25 years of dedicated experience with institutional investors, starting in 1992. Combined with the team, the Garden State Group represents over 124 years of experience servicing the credit union industry. Today, they serve over 149 credit unions nationwide with six located in New Jersey.

“We are excited at the opportunity to affiliate with the NJCUL Services Corporation. The strength of the League along with the stability of RBC Wealth Management should create a productive partnership,” says Richard Whelchel, Senior Vice President of RBC, Garden State Group.

About NJCUL Services Corporation

The New Jersey Credit Union League Services Corporation (NJCUL Services Corporation) is a wholly-owned subsidiary of the New Jersey Credit Union League. NJCUL Services Corporation’s mission is to aggregate the distribution of value-added products and services that enable its members to improve operational efficiency and better serve their members. It identifies the premier products and services that empower our member credit unions to grow and thrive.

About RBC Wealth Management – U.S.

In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC. is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges.  RBC Wealth Management has $336 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states.


Robin Brunner
NJCUL Services Corporation
800-792-8861 ext. 124


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