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Helpful (3)

CUNA Brokerage Services Inc : brokerage to credit unions nationwide

  • Comp & Benefits
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Financial Advisor in Seattle, WA
Former Employee - Financial Advisor in Seattle, WA

I worked at CUNA Mutual

Pros

Financial advisors are not captive agents and were provided with 4 good levels of financial planning software. Advisors market to credit union Members and have the marketing support of not only CUNA but also their assigned credit union. Computers, phones, printers and parking are determined by the local credit union but may be negotiated in initial employment contract.

Cons

There is an inherent mismatch between a for-profit brokerage service and service to non-profit credit unions. I know of no CU that understands the financial planning business and therefore one is often faced with irreconcilable issues i.e. serving all Members, even those with no money to invest, while trying to support oneself by tiering services and qualifying Members. Advisors are often responsible for a large number of branches (5+) so much have outstanding time management skills and use the best technology/tools to support the challenges.

Advice to Management

Since there are irreconcilable issues for advisors working in the non-profit CU environment, it is imperative that CUNA management keep in close contact and keep communication open with CU management and advisors. Meetings that include all parties should be held frequently. CUNA management should advocate as hard for its advisors as much as it tries to curry the favor of CU's to maintain the relationship.

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  1. Great place to work with a few adjustments

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Representative in Waverly, IA
    Current Employee - Sales Representative in Waverly, IA

    I have been working at CUNA Mutual

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    CUNA Mutual prides itself on being innovative, and recognizes that change is the only constant. Most of their technologies are up-and-coming. They also were servicing credit unions exclusively but then realized that at the rate credit unions are closing, they need to branch out. They have since diversified into different non-credit union markets.

    Cons

    Some technologies are seriously out-dated, silo-mentality, favoritism

    Advice to Management

    Get out of the silos and work on favoritism!

  2. Helpful (1)

    Stuck in the 1950s

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Madison, WI
    Current Employee - Anonymous Employee in Madison, WI

    I have been working at CUNA Mutual

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Work-life balance - rarely work more than 40 hours a week and many people arrange their schedules to go to kids sports events, etc. Mostly it's better than being unemployed.

    Cons

    Poor leadership, both the caliber of their work and their treatment of employees under them. Upper level management seems to view lower levels as if they are interchangeable and have few skills. Worst opportunities for career development and advancement and worst organization of the major organizations I've worked for.

    Advice to Management

    Start valuing competence and abilities more than political savvy. Succession planning needs to happen at all levels, not just VP and up.

There are newer employer reviews for CUNA Mutual
There are newer employer reviews for CUNA Mutual

See Most Recent

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