{"url":"https://nivawealth.com/firms/cusource-44970","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/44970","regulatoryAum":52373407058,"crd":"44970","secFileNumber":"801-35725","legalName":"Cusource, LLC","displayName":"Cusource","website":null,"linkedinUrl":"https://www.linkedin.com/company/catalyst-corporate-federal-credit-union/","founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"6801 Parkwood Boulevard","city":"Plano","state":"TX","stateName":"Texas","country":"United States","postalCode":"75024-7198"},"tradeNames":[],"registration":{"secApproved":"22 December 1989","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":7,"advisory":6,"brokerDealerReps":1,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":52373407058,"nonDiscretionaryAccounts":80,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Banking or thrift institutions","clients":80,"regulatoryAum":52373407058}],"fees":[],"feeNotes":[],"custodians":[{"name":"JP Morgan Chase Bank, National Association (n.a.)","shortName":"J.P. Morgan","location":"Columbus, OH","smaAssets":4409020835}],"custodyNote":"Cusource has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Steven P Houle","title":"Chief Compliance Officer","crd":""},{"name":"Mark Debree","title":"Principal","crd":"3261504"},{"name":"Michael McGinnis","title":"Designated Principal","crd":"2266303"}],"ownership":[{"label":"Catalyst Corporate Federal Credit Union","detail":"Member in the 75% or more ownership band and a control person, since March 1998."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"6801 Parkwood Boulevard","city":"Plano","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"800-442-6427","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"U.S. government/agency bonds","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/44970/PDF/44970.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Cusource have?","answer":"Cusource has 80 clients and manages $52.4 billion for them, as of March 2026.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cusource offer?","answer":"Cusource provides portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Cusource use?","answer":"Cusource’s separately managed account assets are held at JP Morgan Chase Bank, National Association (n.a.) (Columbus, OH), with $4,409,020,835. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cusource have?","answer":"Cusource has 0 investment adviser representatives registered with state securities authorities, out of 7 employees, and 6 perform investment advisory functions. 1 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Cusource invest in?","answer":"At the end of its last fiscal year, Cusource’s separately managed accounts held 100% U.S. government and agency bonds. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Cusource?","answer":"Cusource’s direct owner is Catalyst Corporate Federal Credit Union (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cusource get paid?","answer":"Cusource is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}