Coastal’s Wealth Management Program Tops $500 Million

Joe Mecca

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Published on 05-07-2019

Categories: Coastal News

Coastal Credit Union announced that Coastal Wealth Management, *available through CUSO Financial Services, L.P. (CFS), has topped $500 million in assets under management.  This is a combination of $474 million that’s managed through CFS, and another $34 million in Members Trust Company**. 

“It’s impressive, and is a direct result of putting our members’ interests first, said MaryAnne Gangoy, VP of Wealth Management. “By helping them plan for their future financial needs, we’re living out our mission of Bank Better to Live Better.”

Coastal’s program operates with seven fully-licensed advisors and one dedicated financial planner, and provides members of the credit union with an array of non-deposit services, including: retirement and financial planning, investments, trust and estate planning, insurance services, elder care planning and more.  Advisors also regularly conduct informational seminars on a variety of financial planning topics.

About Coastal
Coastal Credit Union is a not-for-profit, member-owned, financial cooperative, offering a full range of financial products and services. Coastal was chartered on August 31, 1967 with the mission of fostering the credit union philosophy of “people helping people.”  Today, with $3.25 billion in assets, Coastal serves 261,000 members from 1,700 business partners and is among the leading financial institutions in North Carolina.  Coastal operates 23 branches in central North Carolina and serves members in all 50 states through a network of 5,000 shared branches, 80,000 surcharge-free ATMs, mobile banking featuring mobile check deposit, and a robust offering of online services at www.COASTAL24.com. For more Coastal news, visit our online newsroom.

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor.  Products offered through CFS are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal.  Investment Representatives are registered through CFS.  Coastal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

**Trust services available through MEMBERS Trust Company.  CFS and Coastal Credit Union are not affiliated with Members Trust Company.

 
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