Service Offers CFOs Investment Advice

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CUNA Mutual Group, in conjunction with its investment advisor affiliate, MEMBERS Capital Advisors, has launched a new program aimed at helping chief financial officers enhance credit union financial performance through effective investment management and strategy.

Tom Merfield, senior VP with CUNA Mutual's Credit Union Financial Solutions Group, said that Investment Advisory Services "combines investment analysis, advice and solutions with traditional asset-liability management (ALM) services."

Investment Advisory Services takes a broad-based and holistic approach to helping credit unions improve their entire balance sheet and goes beyond simply recommending investments, said Merfeld. He noted an "integral part of the program is the assessment phase, which features a thorough review of the credit union's ALM and investment policies and investment portfolio holdings. The goal is to assure alignment with current balance sheet liquidity and cash flow needs. From that assessment, an objective investment strategy is developed and implemented, with a close eye on managing cash flow and liquidity needs."

Investment assets will be managed by MEMBERS Capital Advisors. Program costs are based on fees, not commissions.

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