News Summary
Tennessee Members 1st Federal Credit Union has partnered with CU Wealth Group to expand financial services for its members. The collaboration will provide tailored financial guidance and investment management, ensuring members have access to professional advisors regardless of their wealth status. This initiative reinforces TN Members 1st commitment to community support and financial well-being.
Tennessee – Tennessee Members 1st Federal Credit Union (TN Members 1st) has announced a new partnership with Credit Union Wealth Group (CU Wealth Group) to enhance the financial services available to its members. The collaboration aims to offer a comprehensive range of financial guidance and investment management services tailored to meet the diverse needs of the credit union’s members.
As part of the partnership, CU Wealth Group will support TN Members 1st in several key areas, including program management, marketing, compliance, technology, and back-office operations. This comprehensive support will allow TN Members 1st to focus on improving members’ financial well-being by providing access to professional financial advisors who can assist regardless of the member’s wealth status.
This initiative comes as TN Members 1st continues its commitment as a certified Community Development Financial Institution (CDFI), aimed at fostering economic growth in its service areas. The collaboration is expected to further enhance the credit union’s mission of serving members in Anderson, Knox, and Roane counties in Tennessee.
Through this partnership, members of TN Members 1st will be able to engage with a dedicated team of financial advisors who are equipped to provide personalized advice and investment solutions. These services are designed to assist members in achieving both their short- and long-term financial goals, making financial planning more accessible to the wider community.
Rick Mikels, the CEO of TN Members 1st, expressed optimism regarding the partnership. The collaboration is seen as a valuable resource that can empower members with trustworthy financial insights and investment options to improve their financial situations.
TN Members 1st is a not-for-profit financial institution that provides a variety of account options, financial education programs, and identity protection services to its members. The credit union operates from two branch locations and offers digital banking solutions to enhance accessibility. Furthermore, TN Members 1st participates in the CO-OP Shared Branch Network, allowing members to access their accounts at various partner locations across the nation.
Members interested in learning more about the enhanced services from CU Wealth Group can contact TN Members 1st directly at 865-482-4343 or visit their official website at mymembersfirst.org.
CU Wealth Group functions as a nationwide Registered Investment Advisor (RIA) that specializes in providing turnkey wealth management programs specifically designed for credit unions. It’s important for members to note that the investment products and services offered through CU Wealth Group are independent and are not insured by the National Credit Union Administration (NCUA) or any other federal agency. Additionally, investment accounts are custodied at Altruist Financial LLC, a firm that is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
While CU Wealth Group provides valuable investment options, members should be aware that all investment products carry specific risks, including the potential loss of principal investment. This partnership marks a significant step forward for TN Members 1st as it seeks to offer robust financial services and support to its members, ultimately enriching their financial literacy and overall well-being.
Deeper Dive: News & Info About This Topic
- Business Wire: Tennessee Members 1st Federal Credit Union News
- Wikipedia: Credit Union
- Tennessee Titans: Community Partnership
- Google Search: Credit Union Wealth Group
- Business Insider: Credit Unions Overview
- Encyclopedia Britannica: Financial Institution
- NDSU Athletics Partnership News
- Google News: Financial Services
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