RALEIGH, N.C. – In its tenth year of operation, Credit Union Investment Services (CUIS), a subsidiary of State Employees’ Credit Union (SECU), reported it is achieving high marks with its investment program as more members look to their cooperative for investment advisory services. In fact, CUIS reached a new milestone in August 2017 when CUIS representatives opened a record 495 investment accounts – the most successful month to date.
Members invested nearly $19 million into their CUIS investment accounts, resulting in CUIS ending August with a cumulative total of more than 15,200 investment accounts that hold over $650 million in assets, the credit union reported.
Credit Union Investment Services offers a variety of investment accounts and services, including taxable accounts and tax-advantaged accounts such as traditional and Roth Individual Retirement Accounts (IRAs), as well as Simplified Employee Pension IRAs. CUIS’ team of licensed investment representatives on staff in branches statewide offer members low-cost, well-diversified mutual funds with a low minimum investment of $250. CUIS’ investment program is consumer-friendly and well-suited to the needs and budgets of members. As full-time CU employees, CUIS representatives offer trustworthy, knowledge-based guidance. They conduct in-depth meetings with members to assess their goals, risk tolerance, financial circumstances and investing experience, helping members make informed decisions.
“We’re excited that members recognize the benefits of these investment offerings,” says Joan McCool, Senior Vice President of SECU’s IRA and Investment Services and Chief Compliance Officer for CUIS. “The success of CUIS reflects the trust members have in their Credit Union – we help them build wealth and ultimately a better financial future for themselves. CUIS investment representatives are seeing the impact these services are making for small and large investors and value the opportunity to help members understand how investments can fit into their financial future. We’re thrilled with the significant growth of this program and look forward to making an even greater financial difference in the lives of those we serve.”