Credit Union Investment Guidelines, 5th Edition

Here’s a guide that treats managing investments as a process, not an event. Author Brian Hague, economist and CEO of Corporate Network Brokerage Services, says that credit unions should avoid simply reacting to attractive investment opportunities. Credit Union Investment Guidelines maps out the complete investment process. It explains how to execute a trade in the proper context of the management process.

In this new edition:

• Explore the expanded chapter on Investment Types, including detailed information about mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs)
• Discover the expanded section on planned amortization class (PAC) bonds and sequential CMO tranches
• Learn through the improved chapter on Portfolio Management and Strategies, featuring sections on bond swaps and borrowing strategies

NEW! Three new appendices have been added. One contains websites that CU Investment managers will find useful, another contains sample investment reports and an explanation of terms, and in the last one we’ve added a sample of an investment policy checklist.

Its chapters give you information on:

• Sound investment policies
• Risk and return policies
• Yield curve
• Recent changes to the NCUA’s Rules and Regulations, Part 703
• Investment objectives
• Asset allocation
• Portfolio monitoring and rebalancing
• Portfolio management and strategies
• Investment policy checklist
• Glossary of investment terms