If you are saving for long-term goals such as retirement or education and want to broaden your investment options, ask one of our
Investment Representatives about investing in mutual funds. As a credit union member, you have access to low-cost, diversified stock
and bond funds that can help you achieve your long-term financial goals through a consistent and regular investment plan.
Our Investment Representatives will talk with you about your goals and take into consideration your complete financial picture. After discussing potential risks and returns of stock market investing, we will help you choose the best mutual fund for your circumstances. We encourage you to contact your Investment Representative at least yearly, and whenever your goals or financial circumstances change.
If you have existing investment accounts, you can login to your accounts by accessing the link below:
What is a Mutual Fund?
A mutual fund pools money from many investors and uses the money to purchase securities such as stocks and bonds. One mutual fund can
invest in hundreds of securities. Therefore, individual investors are able to achieve instant diversification which helps reduce overall
risk of loss.1
Mutual fund investing provides the potential for returns that can outpace inflation over time. Therefore, if your money will be invested
for a period of at least five years, then mutual funds may be a good choice for you.
What Types of Accounts are Available?
Both tax-advantaged and taxable accounts are available as possible vehicles for your investment. The tax-advantaged accounts offered
include Traditional and Roth Individual Retirement Accounts (IRAs), as well as Simplified Employee Pension IRAs. Our representatives
will be able to assist you in understanding the characteristics of each of these accounts and discuss which vehicle may be most suitable
What are the Costs?
Credit Union Investment Services (CUIS) charges an annual asset-based fee of 0.25%, collected quarterly in advance directly from your
account. This is a service and maintenance fee that helps cover the costs of our program. Other fees from the clearing firm
(Pershing, LLC) may also apply. Our representatives will present all potential costs to you upfront so you can be confident that you
are choosing a solid, low-cost program.
How Do I Get Started?
Ask to speak with a CUIS Investment Representative today if you:
Are a resident of North Carolina.
Wish to invest at least $3,500 in securities.
Wish to invest the funds for at least 5 years.
Have an e-mail address.
Are willing to accept electronic delivery of account documents (statements, confirmations, etc.).
Can I Consolidate My Investments?
If you are interested in consolidating your existing investments into a CUIS account, simply bring your statements when you meet with an
Investment Representative. Based on your preference and other considerations such as potential tax liability, you may be
able to transfer your existing investments in-kind or liquidate them and use the proceeds to purchase mutual funds offered through CUIS.
We understand that you may wish to invest in securities other than those specifically recommended by CUIS. Once you open your investment account, you can make your own purchases of non-recommended stocks, ETFs and mutual funds on an unsolicited basis. These trades can be placed online, by logging in to view your investment accounts.
About Credit Union Investment Services...
Credit Union Investment Services (CUIS) is a wholly-owned subsidiary of State Employees’ Credit Union (SECU) and is an Investment Advisor
registered with the State of North Carolina. Through CUIS, the members of North Carolina Press Association Federal Credit Union can take
advantage of low-cost, well-diversified investments. All CUIS representatives are also full-time employees of SECU who receive no
commissions for their services. Therefore, members can feel confident in knowing their representatives will provide unbiased advice. Please review the following for more information:
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