Credit union managing $9.4B empowers clients with DIY investing

A credit union in the Oregon and Southwest Washington area is to offer its 581,000 clients new ways to manage their investments.

OnPoint Community Credit Union, which manages $9.4 billion in assets for its clients, has partnered with Fusion IQ to empower clients with self-directed investing and hybrid digital advice via the FIQ Journey platform.

InvestmentNews recently named Fusion IQ ‘Best New Technology and Software for Investment Professionals’ for its suite of tech solutions that includes FIQ Journey, FIQ Freedom, FIQ Market One, FIQ TAMP+, and FIQ Wallet.

“At OnPoint, we are dedicated to building strong communities through financial growth and well-being,” said Jim Hunt, Senior Vice President and Chief Financial Officer at OnPoint Community Credit Union. “The FIQ Journey platform aligns with OnPoint’s guiding principle of pursuing innovation to offer simple and effective solutions that support each member’s financial journey. We look forward to leveraging this partnership to offer digital investment experiences that meet our members where they are.”

The FIQ Journey solution combines hybrid digital advice provided through an RIA provided by Fusion IQ, while Arete Wealth partners with FusionIQ to serve as the broker-dealer for the self-directed investments.

“This partnership marks another significant achievement for credit unions, especially as more members demand digital investment options,” said Peter Brittain, head of business development at FusionIQ. “Using our white-label technology will allow OnPoint to enhance advisor-member interactions and boost member retention. Whether it’s the need for a defensive strategy, offensive, or both, FIQ Journey is delivering the digital investing experience that can attract a new digital-native demographic that will be the future of the credit union revolution.”