Pentagon FCU Signs For OnlineBrokerage
ALEXANDRIA, Va. - (10/18/05) -- Pentagon FCU said Monday it hascontracted with FOLIOfn to be the credit union giant's exclusiveonline broker and provider of investment services. FOLIOfn willallow members of the $8 billion credit union to but stocks, mutualfunds and other investments online, as well as invest in 'Folios,'diversified, customized portfolios of individual securities thatmembers can select and manage on their own. FOLIOfn also offers'Ready-to-go-Folios,' pre-built portfolios, based on variousindices and investment styles, that contain up to 50 securitiesthat investors can modify as they wish. Members with less than$15,000 to invest can own a customized 'Mini Folio,' for as littleas $5 a month, with no minimum investment. FOLIOfn also providesservices to hundreds of credit unions through a relationship withCUNA Mutual Group.