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Cetera Partners with $400M Hawaii State Federal Credit Union

Cetera Partners with $400M Hawaii State Federal Credit Union

Cetera Financial Group announced that Hawaii State Federal Credit Union is partnering with Cetera Financial Institutions to support its investment services program.

Cetera will provide resources and support to grow the program and enhance services and products for credit union members, the firm said.

Hawaii State Federal Credit Union is the state’s largest credit union with more than 126,000 members and roughly $393 million in its investment services program.

“This collaboration will empower the delivery of holistic financial planning services powered by Cetera’s industry-leading technology, resources and support,” said David Kimura, program manager at Hawaii State Federal Credit Union.

In August 2023, Cetera announced that $214 million Texas-based A+ Federal Credit Union was converting its retail investment program to Cetera Financial Institutions.

Cetera oversees more than $475 billion in assets under administration and $190 billion in assets under management for over 12,000 financial professionals and their teams.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.