Collaborative support and integrated technology cited for the switch
SAN DIEGO--(BUSINESS WIRE)--
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 South
Carolina Federal Credit Union (South Carolina Federal) has chosen
CFS as its new broker dealer to help grow its managed investment program
and expand technological offerings for its more than 150,000 members.
The South Carolina Federal management team selected CFS because of its
expertise in serving credit unions, its sophisticated and integrated
technology systems, and its overall dedication to investment program
growth built on collaboration and proven best practices.
South Carolina Federal is a community-chartered credit union
headquartered in North Charleston. Founded in 1936, it is the oldest
locally owned and managed financial institution in the tri-county area,
with more than $1.3 billion in assets and 14 branches and ATMs
throughout Charleston, Columbia and Georgetown, South Carolina. The
credit union’s investment program, South Carolina Federal Investment
Solutions™, will operate under a managed model in which CFS employs and
manages the program managers and investment advisors. Executives chose
to switch broker dealers for the 18 year-old investment program to gain
better integrated technology and a partner with proven experience in
growing and enhancing investment programs within credit unions.
“When reviewing broker dealers, it was important for us to partner with
a collaborative firm that would seamlessly enhance our in-house
investment services,” said Bonnie Ciuffo, South Carolina Federal
investment program director. “We have already seen positive growth since
beginning our relationship with CFS and we’ve quickly adopted several of
their technology tools to enhance our offering to our members. The new
mobile app that allows clients to send secure documents to their
investment representative via their mobile phones has been especially
well-received. This new partnership will help us achieve the goals we
have set for our program.”
The CFS investment program is led by program managers Mark Curtis and
Phillip Kolb, along with three investment advisors, three sales
assistants, three licensed branch employees and a CFS regional program
Credit unions interested in learning 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.
About South Carolina Federal Credit Union
South Carolina Federal Credit Union is headquartered in North Charleston
and is the oldest locally owned and managed financial institution in the
tri-county area. Presently at $1.3 billion in assets, over 150,000
members now call the credit union their “bank.” South Carolina Federal
is a community-chartered credit union providing membership to anyone who
lives, works, worships or attends school in Berkeley, Charleston,
Dorchester, or Georgetown counties, and most of the Columbia area. More
information about South Carolina Federal can be found at scfederal.org
or via the SimpleCents blog at www.simplecentsblog.org.
for CUSO Financial Services, L.P.
Amanda Whitlock, 760-230-2424
Source: CUSO Financial Services, L.P.