Credit Union ONE here has introduced to members a privately labeled stock purchasing service. Called CUStockFund.com and provided by Reston, Va.-based Online Investments, Inc., participating members are charged an annual fee of $135 and can use the "fractional share investing program" that allows them to make regular, dollar-based purchases of partial shares of stock.
Under that program, members can decide which stocks to buy and how much to invest each month, for as little as $10 per stock. They can further automate the process by selecting to debit a credit union account.
CUStockFund.com also offers members a range of investment services including online enrollment, stock selection and member support, as well as educational tools such as detailed company research, investment tutorials, educational articles, stock research and price quotes, so investors can make informed investment decisions, according to CU ONE CEO Armando Cavazos.