NEW YORK—Municipal Credit Union will begin offering wealth management services to its members. The MEMBERS Financial Services program is a comprehensive service which includes financial planning, retirement planning, and a portfolio of investment products, including stocks and bonds, mutual funds, and tax-deferred investments.
The credit union has established an agreement with CUNA Mutual Group and its affiliated broker/dealer, CUNA Brokerage Services, Inc. to provide the program. These services will be offered to MCU members through in-branch consultations and private appointments at the $2.1-billion MCU's corporate office in Manhattan.
“We are very pleased to expand the scope of our products and services offered to our members” said MCU President/CEO Kam Wong. “We recognized our members wanted to turn to MCU to help them with their financial planning, retirement planning, and wealth management needs. After much research, we chose CUNA Mutual Group to provide this service to MCU members because of their ability and track record to offer the advice and products that would best help our members achieve long-term financial stability.”
MCU will begin rolling out the MEMBERS Financial Services program in May.
Municipal Credit Union is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, MCU currently has assets of over $2.1 billion and offers a full range of financial services to over 375,000 members.