Maps Credit Union, a member-owned financial cooperative headquartered in Salem, Ore., with more than $1.3 billion in assets, has transitioned its investment program from CUSO Financial Services to the Ameriprise Financial Institution Group (AFIG), the companies said.
Operating under the name Maps Investment Services, financial advisors Kyle King and Wayne Muller manage over $185 million in brokerage assets across 10 branches in the Willamette Valley Basin of Oregon.
Mark Zook, president and CEO of Maps Credit Union, said in a prepared statement that, with Ameriprise as its new investment services partner, the division would be better able to serve its clients.
“Our new partnership with Ameriprise Financial allows us to offer a more comprehensive suite of wealth management products and powerful digital tools and technology to help our members achieve their goals with more confidence,” Zook said.
According to a news release announcing the new partnership with Ameriprise, Maps Credit Union members will have access to financial services and solutions that include personalized advice and financial planning capabilities tailored to their individual needs and digital capabilities that give them the flexibility to connect with their advisors remotely or in person.
“Members across Oregon put their trust in Maps, and we’re honored to bring the outstanding wealth management capabilities of Ameriprise Financial to them,” said Jay McAnelly, group vice president for Ameriprise Financial Institutions Group.
Ameriprise formed its Financial Institutions Group after acquiring Investment Professionals Inc. (IPI) in 2017. The AFIG channel specializes in on-site delivery of investment programs to banks and credit unions.
Founded in 1894, Ameriprise Financial Inc., is a diversified financial services and bank holding company incorporated in Delaware and headquartered in Minneapolis.