RALEIGH, N.C.–Coastal Federal Credit Union is reporting its Coastal Wealth Management, available through CUSO Financial Services, L.P. (CFS), has topped $500 million in assets under management. This is a combination of $474 million that’s managed through CFS, and another $34 million in Members Trust Company.
“It’s impressive, and is a direct result of putting our members’ interests first, said MaryAnne Gangoy, VP of Wealth Management. “By helping them plan for their future financial needs, we’re living out our mission of Bank Better to Live Better.”
Coastal’s program operates with seven fully-licensed advisors and one dedicated financial planner, and provides members of the credit union with an array of non-deposit services, including: retirement and financial planning, investments, trust and estate planning, insurance services, elder care planning and more. Advisors also regularly conduct informational seminars on a variety of financial planning topics.