Press
CUNA Mutual Group Expands CU Investment Advisory Services
NEWS RELEASE:
From CUNA Mutual Group Public Relations
www.cunamutual.com
For more information:
Rick Uhlmann 608.231.8940 rick.uhlmann@cunamutual.com
Jess Noelck 608.231.7861 jess.noelck@cunamutual.com
MADISON, Wis. — CUNA Mutual Group, through its registered investment advisor affiliate, MEMBERS Capital Advisors, is expanding its Credit Union Investment Advisory Services (CUIAS) program. This program helps credit unions improve their financial performance through effective investment portfolio management and strategy.
“Credit Union Investment Advisory Services offers the credit union’s executives time savings, complete investment regulatory compliance, best price execution and potential enhanced yields through portfolio optimization,” said Ed Meier, director, Fixed Income Investments, MEMBERS Capital Advisors. “CUIAS takes the securities selection, execution and monitoring of an investment strategy off the plate of the credit union and places it on the same portfolio managers who invest for CUNA Mutual Group’s nearly $10 billion general account.”
In addition to the investment expertise and more than 25 broker relationships to assure a broad selection of securities, Meier said CUIAS also benefits credit unions on the regulatory front. Beyond a solid mix and quality of investments, the program strictly adheres to regulatory compliant accounting and reporting practices. “We provide a monthly report that prices and ‘shock-tests’ all positions in the portfolio – quality, duration and mix. This can be given to regulators when they arrive if needed.”
“The credit union’s management remains in total control of the process,” said Meier. “They review, analyze and approve every transaction as the portfolios are advised by MCA on a non-discretionary basis.”
CUIAS is best suited for credit unions with more than $20 million in investable assets, with the minimum investment being $10 million.
Meier said CUIAS focuses on longer-term investments of one year in duration or longer. “Our experience in and focus on longer-term investments enables us to provide credit unions with investment value at an attractive price,” Meier added.
To strengthen the program, CUNA Mutual Group has hired Jeff Weber, an industry veteran, to help push CUIAS forward. Before taking on the role of Investment Sales Specialist for MEMBERS Capital Advisors, Weber served as the managing director of equity trading for Allianz of America where he was responsible for managing a Standard and Poor’s 500 Index Fund with over six hundred million dollars in assets.
CUNA Mutual Group insurance, retirement and investment products provide financial security and protection to credit unions and their members worldwide. With more than 75 years of true market commitment, CUNA Mutual’s vision is unwavering: To be a trusted business partner who delivers service excellence through customer-focused products and market-driven insight. More information on the company is available on the company’s Web site at www.cunamutual.com.
CUNA Mutual Group is the marketing name of CUNA Mutual Insurance Society, its affiliates and subsidiaries, including CUMIS Insurance Society, Inc. Product availability and features may vary by jurisdiction and are subject to actual policy language. Corporate headquarters are located in Madison, Wis.