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INVEST In Partnership With Three Credit Unions

BBR Staff Writer Published 24 August 2009

Four institutions collectively have 17 branches nationwide

Tampa, Florida-based, INVEST Financial Corporation (INVEST), a broker-dealer, subsidiary of the National Planning Holdings (NPH), an independent broker-dealer network, has partnered with three credit unions to provide comprehensive brokerage and investment services.

The credit unions, that partnerd with INVEST are Royal Credit Union (RCU) of Eau Claire, Wisc, Accentra Credit Union (ACU) of Austin, Minn, and Cornerstone Federal Credit Union (CFCU) of Carlisle, Pa. These four institutions collectively have 17 branches nationwide and around $1.16 billion in total assets.

Connie Gregory, senior vice president of business development for INVEST Financial Corporation, said: “We are pleased to welcome three new credit unions to INVEST and look forward to building long and productive relationships with each of them.”

Dan Anderson, vice president of RCU Investment & Insurance Team, said: “With INVEST, we found exactly what we were looking for in a broker-dealer – a top-notch technology platform, an extensive background working with financial institutions, and a knowledgeable and supportive home office staff. Our whole team has been extremely impressed with the people at INVEST. They have shown genuine interest and enthusiasm in helping our program succeed, and that’s very comforting.”

Dave Keffer, CEO of Cornerstone Federal Credit Union, said: “We chose INVEST because of their long history working with credit unions and banks. The partnership gives us peace of mind that our compliance and due diligence processes are in the hands of an experienced and well-established firm.”

INVEST currently support around 120 banks and credit unions.