LEVERAGE announces partnership with Vining Sparks to offer credit unions specialized financial services
05/24/2012 04:20 pm
Through the strategic partnership, LEVERAGE has arranged for more credit unions in Alabama and Florida to have access to Vining Sparks’ broad array of services designed specifically for credit unions including, but not limited to: educational resources, online portfolio information, asset liability services, sample policies, and investment products.
“It’s important that our credit unions have as many options as possible when it comes to investment services,” said LEVERAGE President/CEO Patrick La Pine. “Vining Sparks has a rich history of providing a diverse product for credit unions across the country. This partnership will improve our credit unions ability to succeed and ultimately help their members’ financial future.”
Vining Sparks has worked for three decades specializing in providing asset/liability, bond accounting, and investment products to financial institutions. They currently serve institutions in every state across the nation, including approximately 400 credit unions – with close to 40 in Alabama and Florida collectively.
“Our credit union has been a customer of Vining Sparks for many years,” said Alabama Credit Union CEO Steve Swofford. “Their services are outstanding, but what differentiate them are the people they employ, who consistently impress us. We use their bond accounting system, attend their training sessions, depend on them for asset liability management (ALM) modeling and consultation, and purchase most of our securities through their sales division.”
“We attribute a measure of our success over the years to our partnership with Vining Sparks,” added Swofford.
Vining Sparks is nationally recognized as a leading broker/dealer in serving the investment needs of institutional investors. With the use of proprietary analytical tools, Vining Sparks wrote the first computer-based asset/liability model for community banks, and integrated it into the decision-making process for investment portfolio management.
“Vining Sparks came highly recommended by a few of my colleagues, and I am glad we made the transition,” said Florida West Coast Credit Union President/CEO Mary Ott Wood. “It was a very positive move for our credit union. I feel so strongly about Vining Sparks, I would recommend them to other credit unions.”