Abound Credit Union, headquartered in Radcliff, Ken., has joined the St. Cloud, Minn.-based Cetera Investment Services platform with $2 billion in assets, the companies announced.
Abound, which supports the military community and their families, was established by federal charter on November 22, 1950, as the Fort Knox Civilian Employees Federal Credit Union, with 10 founding members each contributing $1,000 to it. Since then, Abound has grown to 18 locations, serving over 115,000 military and civilian members.
Under the partnership between the two firms, Cetera Investment Services, marketed under the name Cetera Financial Institutions, will provide insurance solutions and investment advisory services to Abound, which will leverage Cetera’s integrated technology, growth and operations support, and advice-focused platform.
Cetera Investment Services LLC is a wholly owned subsidiary of Cetera Financial Group,headquartered in El Segundo, Calif. As of December 31, Cetera Financial Group reported overseeing about $353 billion in assets under administration and $122 billion in assets under management.