DALLAS–Credit Union of Texas (CUTX) said it has selected SWBC Investment Services to oversee the development and management of its investment program.
The $1.4-billion CUTX has more than 142,000 members.
“With SWBC Investment Services now available through CUTX, our members will have a full slate of investment options available to them, including access to their own financial advisor,” said CUTX President and CEO Eric Pointer. “Supplementing our traditional savings offerings of IRAs and CDs, this is another means by which we can help our members reach their financial goals.”
SWBC’s said Financial Advisor Alejandro Sierra will work with CUTX members to ensure their financial plans align with their expectations and goals, the company said. CUTX will offer members access to a full range of investments, securities, insurance, asset management, financial and estate planning, and fixed income solutions, including IRAs, 529 college savings plans, common and preferred stocks, mutual funds, long-term care and disability, advisory services, and retirement and college planning, SWBC said.
“We are excited to partner with CUTX and help round out their member services,” said Norbert Fabre, senior vice president of business development for San Antonio-based SWBC Investment Services. “We look forward to playing an integral role in CUTX’s growth.”