Patelcorp Launches SaveDaily Marketing Campaign With Harry S. Dent, Jr. Webinar

SEAL BEACH, Calif., Oct. 24, 2011 /PRNewswire/ -- Patelcorp—a division of Patelco Credit Union—will host a webinar on October 28 featuring best-selling author Harry S. Dent, Jr., who will speak to credit union executives from around the country on economic trend forecasts. This officially launches the joint marketing outreach effort to credit unions throughout the U.S. by SaveDaily with Patelco.

The webinar will feature 45 minutes of economic commentary by Mr. Dent, followed by a 15-minute Q&A session with SaveDaily CEO Jeffrey Mahony, moderated by Mark Hoaglin, Vice President of Investment and Insurance Services for Patelcorp. This session will focus on the SaveDaily platform that has recently been adopted by Patelcorp and how it can benefit both credit unions and their members.

"When Patelco launched the Sharebuilder platform several years ago, we knew that it was a winner with the small balance investor and that it would receive strong adoption by the credit union community," says Mr. Hoaglin. "We believe that the SaveDaily platform will have even greater impact as the number of consumers who can benefit from it is much greater. Your average saver doesn't have the time and resources to pick individual equities, and they can use the experience of professional money managers in the mutual funds to guide their investment selection process. In these economic times, when credit unions are looking for additional sources of fee income, the SaveDaily platform can be one of those sources."

Credit unions, banks and other financial service providers adopting the SaveDaily platform can offer mutual fund investing to their members at extremely low cost under their own brand. For one low flat monthly charge, investors in mutual funds can have unlimited positions and unlimited transactions without transaction fees.  Eliminating the need for high initial amounts to open an account and requiring ongoing contributions, this unprecedented model provides greater opportunities for average savers to plan and execute their savings goals by allowing them to invest conceivably as little as a penny when and how they want.

"In today's low-interest-rate environment, people are looking for options to invest their savings," said Greg Vacca, president of SaveDaily. "Credit unions, banks, and other financial service providers are actively searching for ways to offer more choices to their consumers, while keeping a margin for operations. We uniquely fit this niche and are eager to explain how these service providers can implement the SaveDaily offering under their own brand."

About SaveDaily

SaveDaily offers investments and record-keeping services to its intermediary partners, as well as directly to clients through a variety of white-labeled interfaces. SaveDaily owns its proprietary financial services platform which has been in production for about three years, helping financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors.  SaveDaily, through its financial services partners, has the capability of making virtually all mutual funds available to its clients. SaveDaily conducts its business through its wholly owned subsidiary, SaveDaily.com, Inc., which is headquartered in Seal Beach, California and is a Registered Investment Advisor with the Securities and Exchange Commission.  For more information, visit www.savedaily.com.

About Patelco Credit Union

Patelco Credit Union ranks among the largest credit unions in the nation and is the fifth largest in California, with more than $3.6 billion in assets and 270,000 members nationwide.  Throughout its 75-year history, it has helped its members and their communities prosper through volunteer initiatives and personalized service that focuses on transparency, simplicity in banking, and garnering trust.  Patelco is a federally insured, not-for-profit, full-service credit union that offers the same types of products as large banks.  Membership in Patelco is free and open to everyone.  

Forward Looking Statements

This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by SaveDaily may not proceed as contemplated, and by all other matters specified in SaveDaily's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. SaveDaily does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the SaveDaily's filings with the Securities and Exchange Commission, including its recent periodic reports.

Company Contact:
Jeff Mahony, CEO
(562) 795-7500

Investor Contact:
Capital Market Relations
Chris Rosgen
(949) 481-9739

SOURCE SaveDaily