'U-Shaped' Economic Recovery Calls for Barbell Strategies

October 27, 2009
Thompson : Know how to position your investments in a slow, U-shaped recovery. In a “U-shaped” recovery, interest rates can remain low for an extended period of time, says Greg Thompson, a financial advisor at SWBC Wealth Management , San Antonio. During such recoveries, “barbell” strategies that use the short- and... READ MORE

Avoid Below-Grade Investments

October 27, 2009
Many of Members Trust Co.’s clients have turned to agency mortgage backed securities and corporates, says John Largent, chief investment strategist for the Tampa, Fla.-based company. He notes that, depending on a credit union’s charter, corporate bonds may or may not be an allowable investment. CU Mag: How should CUs... READ MORE

Take a Balanced Investment Approach

October 27, 2009
Meier : Contraction or extension risk can lead to a potential asset-liability mismatch. Edward Meier suggests managing a blend of short- and long-term investments to guard against unexpected market movements. He’s a portfolio manager in the Fixed Income Division of MEMBERS Capital Advisors , the registered investment advisor affiliate of... READ MORE

Spotlight: Amy Stanton, Connex CU

October 27, 2009
Who : Amy Stanton What : Assistant vice president of marketing Where : Connex CU , North Haven, Conn. Why is the CU movement exciting? Credit unions offer a better choice for personal financial services. A lot of us work extremely hard to help consumers understand the difference between credit... READ MORE

Economic Indicators Aid Investment Decisions

October 27, 2009
By Judy Dahl As credit union investment portfolio managers struggle to balance risk and return, certain economic indicators aid in their decisions. “Unemployment rate, payroll statistics, consumer confidence indicators, inventory and sales data, interest-rate trends, equity markets, and banking industry trends, provide information to help make decisions regarding investment types... READ MORE

Indemnification: What Every CU Director Should Know

October 27, 2009
By John Wallace Volunteer boards of directors have been a pillar of the U.S. credit union movement for 100 years. But in today’s increasingly litigious society, more directors find themselves the targets of lawsuits—possibly putting their personal assets at risk. To offset this trend, numerous laws allow for indemnification of... READ MORE

SAC FCU's All-Loan Approach

October 27, 2009
By Judy Dahl Rather than investing, $379 million asset SAC Federal Credit Union , Bellevue, Neb., relies solely on loans to maximize income. As a result, the credit union’s loan-to-share ratio is 114%, reports Steve Ames, SAC Federal’s senior vice president of finance. “We have borrowings from the Federal Home... READ MORE

Compliance Q&A: Unauthorized EFTs

October 27, 2009
By Valerie Moss Q Does a credit union have to follow through on its investigation of an unauthorized electronic fund transfer (EFT) if the member withdraws the allegation?   A No. The credit union can discontinue its investigation if the member voluntarily withdraws the notice alleging an unauthorized EFT. The... READ MORE

In Search of No-Risk Returns

October 23, 2009
James Collins Go long, go short, or drop back 10 and punt? The answer: near zero. The question? What is: a. The chance my beloved Seahawks will make it to the playoffs; b. The probability the National Credit Union Administration (NCUA) has finally figured out what to do with the... READ MORE

Internal Controls Thwart Embezzlement

October 23, 2009
Derrick Peterson Keep honest people honest by limiting opportunities for dishonesty. Recently I read an article sent to me by the CUNA CFO Council titled, “How Not to Embezzle.” The article told of a CEO in Wichita Falls, Texas, who embezzled between $850,000 and $1.9 million through approximately 130 fraudulent loans... READ MORE

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