UFCU to Transition from CFS to LPL

Dear Member,

We are writing to inform you of an important update to your investment accounts held at CUSO Financial Services, LP (“CFS”). CFS is the brokerage firm that provides non-deposit investment services^* through its financial professionals located at UFCU. On October 1, 2024, Atria Wealth Solutions, the holding company for CFS was acquired by LPL Financial (“LPL”). LPL is the nation’s largest independent brokerage firm^** and is also a federally registered investment adviser.

This decision to align with LPL was made to provide our Members with enhanced tools, resources, and technology to better meet your financial goals. As a trusted leader in the financial services industry, LPL offers an expansive platform and innovative solutions that will allow us to deliver an even higher level of service.

On or about May 17, 2025, CFS will cease operations at which time its investment accounts will transfer to LPL. Your current CFS Financial Professional will remain the same and will become registered with LPL, ensuring continuity of the personalized service and guidance you’ve come to expect.

In early March 2025, you will receive a letter from CFS for each account you own, containing a packet of information about the transfer to LPL. This packet will provide the details of the upcoming changes, including instructions on how to opt out of the transfer if you choose. Please note that opting out must be done in writing, as outlined in the packet, and must be completed within approximately 30 days of receiving the letter. If you choose to opt out, you will no longer be able to maintain your relationship with your current CFS Financial Professional.

We believe this partnership with LPL will offer you significant benefits, including access to industry-leading technology, a broader range of investment options, and a commitment to helping you pursue your financial goals with confidence.

Thank you for your continued trust in UFCU and for allowing CFS to assist with your investment goals. We are excited about new opportunities offered through LPL and we are committed to leveraging new resources for your financial benefit.

Sincerely,

Michael Crowl | UFCU CEO & President
University Federal Credit Union
PO Box 9350 | Austin, TX 78766
(512) 467-8080 | f (512) 977-7851

*Non-deposit investment services are offered through CFS and are not federally insured; not obligations of the Credit Union; and involve investment risk.

** As reported by Financial Planning magazine, 1996-2023, based on total revenue.