IRONDALE, Ala. (11/28/12)--Corporate Investment Services Inc. and Multi-Bank Securities (MBS) Inc. have formed a strategic relationship to provide investment products and additional securities-related services to Corporate Investment Services' credit unions.
Corporate Investment Services Inc. is a wholly owned credit union service organization (CUSO) and subsidiary of Corporate America CU in Irondale, Ala. Multi-Bank Securities Inc. is a Southfield, Mich.-based broker-dealer.
Among the securities related services they will provide are negotiable certificates of deposit and funding resources.
Through the partnership, Corporate Investment Services' customers can obtain free safekeeping through an independent third party; free portfolio analysis reports through BondEdge; access to a portfolio accounting tool, SunGard; and expanded fixed-income investment products.
The CUSO also will offer MBS' proprietary, online platform, eConnectDirect to its credit union customers.