#United States #Kansas City #Cetera Financial #Mainstreet Credit

Cetera Financial Group Partners with Mainstreet Credit Union

In a strategic move aimed at enhancing investment services, Cetera Financial Group has welcomed Mainstreet Credit Union into its network. This partnership is set to bolster the delivery of Mainstreet's member-focused investment program, the Mainstreet Retirement and Investment Center.

A Historical Perspective

Mainstreet Credit Union, tracing its roots back to its inception in 1953 as the Northeast Johnson County Teachers' Credit Union, was founded by a group of dedicated educators intent on helping fellow teachers manage their financial needs. Today, the credit union has expanded significantly, boasting over $691 million in assets and services that reach more than 56,000 members across its 11 branches in the Kansas City metropolitan area.

Meet the Experts

The Mainstreet Retirement and Investment Center is spearheaded by a trio of knowledgeable advisors: Dave Loftus, Sara DuBois, and Mike Thornhill. With a collective experience exceeding 67 years in the financial sector, Loftus and DuBois have been instrumental in providing wealth management services to the credit union's members for over 25 years. Under this new collaboration, they, along with Thornhill, will join Cetera as full-time employees, ensuring a seamless transition and continuation of their dedicated service.

Quotes from Leadership

LeAnn Rummel, the president and CEO of Cetera Investment Services, expressed excitement over this new partnership. “We are pleased to welcome Mainstreet Credit Union and equally as proud to onboard Dave, Sara, and Mike into the Cetera family,” she stated. Rummel emphasized Cetera's commitment to service excellence and the alignment of missions between both institutions, focusing on a shared goal of helping others.

Adding to this sentiment, Bob Mayes, the President and CEO of Mainstreet Credit Union, noted how refreshing it has been to engage with Cetera. “From the very beginning, Cetera made it clear they would support our unique model, letting us conduct our investment business on our terms,” Mayes said, highlighting the level of service provided by Cetera, which he described as unparalleled.

Strengthening Community Support

Cetera Financial Institutions acts as a supportive network for the investment programs of over 450 banks and credit unions. As part of their continued commitment to service, Cetera celebrated its 40th anniversary in 2024 and has maintained an impressive retention rate of 99% for institutions in its network as of late October 2024.

About Cetera Financial Group

Cetera Financial Group stands as a premier hub for financial advisors and institutions. Owned collectively under Cetera Holdings, the company represents a shift away from traditional financial business models, offering innovative solutions, support systems, and comprehensive services. Cetera is dedicated to the growth, scaling, and transitioning of advisors and institutions, thereby promoting successful merger, sale, or succession strategies.

Currently overseeing more than $545 billion in assets under administration and $235 billion in assets under management, Cetera serves a diverse clientele, including independent financial advisors and major institutions. Furthermore, the ongoing emphasis on advisor satisfaction has positioned Cetera at a stellar rating of 4.8 out of 5 in recent surveys, showcasing a commitment to client experience and service.

In conclusion, the partnership between Cetera Financial Group and Mainstreet Credit Union is set to bring enhanced financial services to the members of Mainstreet, further solidifying both institutions' roles as leaders in their industry. As they move forward together, the emphasis on community-driven service remains a cornerstone of their collaborative efforts.