SAN DIEGO – CUSO Financial Services, a full-service broker dealer and SEC Registered Investment Adviser, said it has been selected by North Island Credit Union as its broker-dealer to expand its investment program. This marks a return to CFS after a nine-year hiatus, during which time North Island CU worked with a different broker-dealer.
North Island CU management conducted due diligence on four different BDs before making the choice to return to CFS because of its strength in the credit union community, technology offerings, and commitment to aiding in the growth of the program as a core offering of the financial institution. North Island’s investment program operates under a dual employee model, where the financial advisors are employed by the credit union but licensed, registered and supervised by the broker-dealer. The program re-launched with CFS in January 2015.
Management cited CFS’s dataVISION account management program, which automatically populates important information into all the forms in which it is needed, as a more intuitive and efficient electronic documentation program.