Through a new partnership with InvestiFi, Mid Minnesota Federal Credit Union (MMFCU) will adopt solutions to offer its 60,000 members across central Minnesota the ability to invest digitally and conveniently directly from their checking accounts, available within the credit union’s online banking platform.
Mark Meyer, Vice President of Financial and Insurance Services at Mid Minnesota Federal Credit Union, said, “At Mid Minnesota, our mission is to earn member loyalty by providing resources to improve their financial well-being and be our members’ first financial resource for a lifetime of services.”
“Partnering with InvestiFi allows us to expand that mission in an exciting new way—bringing digital investing opportunities to our community and empowering our members to pursue their financial goals with confidence. We are excited to offer this innovative service and continue building lasting relationships that support our members’ futures.”
MMFCU will be offering all three of InvestiFi’s solutions to its members. Included in this offering is Guided Investing, a robo-advisory solution, which provides portfolio options tailored to members’ risk tolerance and personal interests. Self-directed investing will be available to members allowing them the option to invest in over 6,500 stocks and ETFs, as well as 25+ cryptocurrencies and stablecoins. MMFCU’s members will also have access to a library of financial education resources to aid them in making informed and confident investment decisions.
Kian Sarreshteh, CEO of InvestiFi, stated: “We are delighted to be partnering with Mid Minnesota Federal Credit Union to offer digital investing to its members directly from their checking accounts as we continue to expand our presence in Minnesota.”
“Third-party investing providers continue to attract credit union members, often without providing substantial guidance or educational resources. InvestiFi’s goal is to help credit unions retain these members by offering a secure digital investing platform coupled with robust educational support. By enabling investing directly from a checking account, MMFCU will empower its members to explore digital investing within a safe and protected environment.”
“Our partnership with MMFCU demonstrates our drive to support community financial institutions across the US. MMFCU is renowned for being community-driven, and we are pleased to support its growing membership by providing them with a safe and secure environment to invest in.”
