Virginia Credit Union Moves Ameriprise Financial Investment Program to Deliver an Enhanced Digitally Enabled Customer Experience

MINNEAPOLIS–(BUSINESS WIRE)–Virginia Credit Union (VACU)which serves more than 300,000 members from 20 locations throughout Virginia, has moved its investment program to Ameriprise Financial (NYSE: AMP) from CUNA Brokerage Services. Virginia Credit Union selected the Ameriprise Financial Institutions Group (AFIG) channel to provide an enhanced, digitally enabled experience for its members. To reflect the new expanded services, the credit union has renamed its investment program to VACU Investment Group (VACUIG).

The credit union is looking to further expand its footprint and investment program. VACUIG currently has five financial advisors managing more than $335 million in brokerage assets: Randolph Tate, Elnetta Burke, Karl Tweardy, James CollinsAND Joel Marks. VACUIG Financial Advisors, along with Ameriprise, are dedicated to helping its members create personalized financial plans and help clients manage their investments to achieve their financial goals. Customers have access to the following services:

  • Personalized financial advice and plans that are tailored to their individual needs.
  • Powerful investment solutions to help them achieve their financial goals.
  • Digital skills that enable members to connect with their advisors where and how they want – face-to-face, online, video or phone meetings.

“The financial advisors serving VACU members have always been committed to providing top-notch service,” said John Stone, Executive Vice President of Financial Services for Virginia Credit Union. “Technology has advanced and there are more capabilities we can bring to our members to help them connect with their advisor and achieve their goals. We decided to partner with Ameriprise Financial to support our growing footprint and provide the digital tools needed to elevate the member experience.”

“We are honored to partner with Virginia Credit Union and support their growth with our robust advice we provide to their members,” said Jay McAnelly, Group Vice President, AFIG. “At Ameriprise, we help advisors deliver a best-in-class, referable client experience through industry-leading technology and a powerful investment platform. Our expertise coupled with the team’s strong brand in place is already providing what members need to invest and feel confident in the current volatile market environment.”

With more than 25 years1 Serving the investment program needs of local banks and credit unions, Ameriprise Financial Institutions Group brings a depth of understanding, experience and knowledge to the financial institution space – helping to deliver value to customers/members by driving revenue for the related institution. To find out why experienced advisors and financial institutions are joining Ameriprise, visit ameriprise.com/why.

About Virginia Credit Union

A financial cooperative serving over 310,000 members, Virginia Credit Union offers a variety of affordable banking services, loans, mortgages and free financial education resources, with a focus on helping people be more confident with their finances. Virginia Credit Union is an equal housing opportunity lender and is federally insured by NCUA. For more information, visit www.vacu.org.

About Ameriprise Financial

At Ameriprise Financial, we’ve been helping people feel confident about their financial future for more than 125 years. With extensive advisory, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors2we have the strength and expertise to serve the full range of financial needs of individual and institutional investors.

Not the FDIC or NCUA

Insured

No financial institution

warranty

It can be lost

Value

Ameriprise Financial cannot guarantee future financial results.

Ameriprise Financial and the financial institution are not affiliated.

VACU Investment Group is a financial advisory practice of Ameriprise Financial Services, LLC.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

Ameriprise Financial and the financial institution are not affiliated.

Ameriprise Financial Services, LLC is an equal opportunity employer.

© 2022 Ameriprise Financial, Inc. All rights reserved.

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1
Investment Professionals, Inc. (IPI) was founded in 1992 and specializes in providing on-site investment programs for financial institutions. Ameriprise Financial, Inc. won IPI in 2017, bringing together the two organizations’ years of experience.

2 Ameriprise Financial 2022 First Quarter Earnings Release.

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