Baxter CU Signs With CUSO Financial Services

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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.

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