GREENSBORO, N.C. (11/14/12)--First Carolina Corporate CU, Greensboro, N.C., expects a record-breaking performance from its brokerage program after partnering with Protective Securities earlier this year.
The corporate has trades of nearly $200 million in securities through October.
The partnership has provided First Carolina access to a wider selection of securities and allowed it to be more price competitive, the corporate credit union said.
The brokerage relationship has allowed the corporate to grow its accounts and add staff to handle increased business, said Fred Eisel, senior vice president/chief investment officer of First Carolina and a registered Protective Securities representative,
"Protective Securities has an online Advisor Portal, which makes areas such as trading, compliance training, settlements and commission statements very efficient," he said. "Members like the wide variety of bonds, and due diligence is easier for them. It's a large, extremely well capitalized firm backed by a large parent company, Protective Life."