VERNON HILLS, Ill. – Baxter CU said yesterday it has contracted with CUSO Financial Services for broker/dealer services and back office support.
The $1.5 billion credit union has signed to use CUSO Financial Services’ flexible platform technology dataVISION, and its institutional and money management offerings.
CFS will offer back office efficiencies through its fully-integrated relationship management and performance tracking software, as well as training and marketing support.
BCU’s investment program currently serves its 33 branches in the U.S. and Puerto Rico with a producing manager, six advisors and four support staff. Working with CFS, BCU is planning to develop that staff to 10-15 advisors within the next two to three years, as well as to add ancillary services to develop a “very robust” investment and insurance business.
