CUSO Financial Services, LP, a San Diego-based third-party marketing firm, has launched investment programs at four credit unions in the Midwest, which have combined assets of more than $2 billion and collectively serve more than 170,000 members.

The four credit unions, Finance Center Federal Credit Union in Indianapolis; Directions Credit Union in Slyvania, Ohio; DHCU Community Credit Union in Moline, Ill.; and 3Rivers Federal Credit Union in Fort Wayne, Ind., were among the 30 that CFS added to its roster of clients last year.

At all but 3Rivers Federal Credit Union, CFS implemented a managed program wherein program managers and investment advisors are employed and managed by CFS. At 3Rivers Federal Credit Union, CFS implemented a "dual program" where managers and advisors are employed and managed by the credit union but are licensed, registered and supervised for compliance through CFS.

Ten of the 30 clients CFP signed on in 2011 have had their programs fully implemented so far this year, the company said.

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