Springfield-based Freedom Credit Union is adding an in-house investment services division to its growing list of services, which it previously outsourced, according to BusinessWest.

“Bringing investment services in house made sense for our members and our future growth,” Glenn Welch, president and CEO of Freedom Credit Union, told BusinessWest. “We wanted to ensure we are meeting our members’ needs by helping them meet their financial goals. Each of our members has unique circumstances, and we want to provide personalized services that reflect this.”

As part of this expansion, Jack Vadnais was named director of the Investment Services Division and Michael Johnson was hired as associate director.

“Jack has been a tremendous asset to Freedom Credit Union and will be equally valuable to our clients in his new role,” Welch said. “He brings over two decades of experience to the table and will skillfully lead FCU Investment Services into the future. Michael also offers a depth of knowledge, skills and experience to help guide the division, as well as deep roots in Franklin County.”

As director, Vadnais will manage all aspects of the division and assist clients in achieving their financial goals. He has been working with members of Freedom for eight years as a financial adviser.

“We are here to advise and educate our clients so they can make the most informed decisions concerning their investments,” Vadnais said. “I’m excited to be able to have a larger impact in helping our members set and reach their financial goals.”

As associate director, Johnson will work mainly with Freedom’s clients in Franklin County, advising them about their investment portfolios and providing information about the credit union’s available financial services.

Prior to joining Freedom, Johnson was for nearly 15 years vice president and financial adviser at Greenfield Cooperative Bank.

“We want to help our clients see the big picture and to think long-term when it comes to their financial choices,” Johnson said. “We are available to work with all of our members who need help understanding their financial picture or developing or managing their portfolio.”

Freedom Credit Union Adds In-House Investment Service Division

by Banker & Tradesman time to read: 1 min