STROUDSBURG, Penn. NE PA Community FCU has hired CUSO Financial Services LP to develop a managed investment program for its members.
The $100-million credit union said it chose a managed investment program model from CFS because it offered a turnkey solution including full compliance oversight. In a managed program model, investment advisors are employed and managed by CFS, which it said minimizes personnel requirements and start-up costs for the credit union.
“As a 53-year-old credit union, we have close relationships with many of our members who have done their banking with us for many years. It is important to us to continue our efforts to offer a full range of services to meet our members’ financial needs,” said Mark Filbert, president of the former school employees’ credit union. “We are looking forward to growing the program as a core product offering and want our members to view the program as a trusted extension of the services they currently receive.”
