New England-based credit union with 88-year legacy to partner with Cetera Financial
Institutions to grow and deliver member-focused investment program
Cetera Financial Group, the premier financial advisor Wealth Hub, announced that Lighthouse Credit Union has entered into a networking agreement with Cetera Financial Institutions in the delivery of its member-focused investment program, Lighthouse Wealth Advisors.
Lighthouse Credit Union, established in 1936 at the Portsmouth Naval Shipyard in Maine, has grown significantly over the years. Today, it manages approximately $2 billion in assets as of Dec. 1, 2024, and serves more than 165,000 members. Recently, the credit union transitioned from a state to a federal charter, expanding its ability to serve members beyond its traditional footprint in New Hampshire and Maine. Through its foundation, Lighthouse Credit Union has donated over $500,000 to local nonprofits in the last year, creating a meaningful impact in the communities it serves.
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“We are proud to welcome a financial institution as dedicated to its members and their communities as Lighthouse Credit Union,” said LeAnn Rummel. “I appreciate the confidence Lighthouse Credit Union has placed in our capabilities. We look forward to helping the team expand and grow their investment program so they may continue to enhance the already outstanding care they offer their members.”
“We’re excited to partner with Cetera Investment Services,” said John Olerio. “From our first meeting, it was clear that their values aligned with ours. Together, we’re dedicated to enhancing member services by leveraging cutting-edge technology to deliver personalized wealth management solutions.”
Cetera Financial Institutions is a community within Cetera Investment Services that supports the investment programs of over 450 banks and credit unions. Cetera Investment Services is celebrating its 40-year anniversary in 2024, and with nearly 70 renewals signed through October 2024, Cetera Financial Institutions’ current retention rate is 99 percent for all institutions.
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Source – prnewswire
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