RALEIGH, N.C.– Credit Union Investment Services (CUIS), a wholly-owned subsidiary of State Employees’ Credit Union (SECU), reported it reached a historic milestone by closing out 2019 with member investment accounts having accumulated assets of more than $1 billion.
CUIS representatives added 550 new accounts in the final month of the year, bringing the cumulative tally of member investment accounts to more than 23,500.
Through CUIS, SECU said members have access to a variety of affordable investment products and services to help them begin or continue building a long-term savings strategy. The team of CUIS representatives includes 535 full-time CU employees in branches statewide who are licensed investment representatives. All CUIS representatives must pass multiple regulatory exams, engage in internal training, and complete annual continuing education requirements in order to provide investment services to members.
“CUIS can benefit SECU members who are experienced investors and those who are just beginning,” said Matthew Hamilton, SECU Senior Vice President of IRA and Investment Services. “We’re extremely happy that our members recognize the value of our services and have chosen CUIS to assist with their investment needs.”