Frankfort, Ky.-based Commonwealth Credit Union, the largest of the three, has $929 million in assets. The other two L&N Federal Credit Union of Louisville, Ky., and Glendale Area Schools Federal Credit Union of Glendale, Calif. have $786 million and $324 million in assets, respectively.
As INVEST continues to expand its footprint in the credit union space, we are dedicated to providing each organization with customized practice management support and innovative technology platforms, Steve Dowden, president and CEO of INVEST, said in a statement.
INVEST currently supports more than 150 banks and credit unions and more than 1,100 representatives nationwide. The Tampa, Fla.-based firm is a subsidiary of the National Planning Holdings independent broker-dealer network.