WILLISTON, Vt. – New England FCU has contracted with CUSO Financial Services LP to provide members of the $930-million credit union with investment and brokerage services.
“CFS understands the credit union business,” Bill Smith, senior retail delivery executive at the credit union, said of the limited partnership part-owned by credit unions that serves more than 150 credit unions.
New England Federal has implemented CFS’ Financial Management Center, a member-facing, investment assessment and referral tool accessible via the credit union’s website. Using the service, CFS said members can get a high-level financial “snapshot” of where they stand in relation to the achievement of various investment objectives.
The investment program is operated under the New England Federal Financial Group banner, and is a CFS managed program, meaning investment advisors are employed and managed by CFS. CFS program managers already have hired two experienced financial advisors to serve credit union members.