Credit unions

The credit union service organization Member Driven Technologies has a laid-back work environment but works hard to translate its internal culture to employees who may be located hundreds of miles from headquarters.

The private equity-backed parent now spans four independent broker-dealers with nearly 2,000 advisors and $65 billion in client assets.

In the first full year under Atria Wealth, the firm added programs from banks and credit unions with $7 billion in assets.

Co-founder Keith Weber says the firm will help community-minded institutions stay true to their mission while boosting profitability.

Nine banks agreed to be sold to credit unions last year. Some industry observers believe that number could double this year.

The broker-dealer refuted allegations that it used false advertising to mislead customers into thinking that the investment services it provided through a Utah-based credit union were part of the credit union.

The securities watchdog reprimanded the broker-dealers for allegedly not distinguishing their services from those of the credit unions they did business with.

Tulsa Federal Credit Union’s sole advisor, who joined from Merrill Lynch, is already months ahead of schedule.

California Credit Union and North Island Federal Credit Union consolidated their investment programs in anticipation of their merger in March.

The Arizona-based firm serves as a super OSJ, supporting advisors who work for 13 affiliated credit unions as either employees or independent financial advisors.