Get everything you need to manage and measure investments to NCUA’s satisfaction.

Greater regulatory scrutiny, ongoing changes to investment rules, and increasingly complex investment instruments make it more important than ever for your investment managers, supervisors, and directors to understand the management of investment risk. In fact, your regulator is expecting to see evidence that your credit union’s investment decision-makers understand the principles and instruments being used.

You can’t rely on your broker for unbiased opinions or advice, and most investment publications are written for banks, corporations, and individuals. This manual is written just for credit unions. There’s detailed guidance for the investment manager with direct responsibility for buying and selling securities. There’s information on policy controls, management reporting, internal controls, and risk management for those with investment oversight responsibility. And the format is designed to give every credit union officer, director, and staff person with investment responsibility the training he or she needs. So you can more easily satisfy your regulator, account for investments, understand each instrument’s risks, and more.

• Better understand and manage your credit union’s investments under today’s rules.
• Keep abreast of new instruments and new rules, simply and easily.
• Understand the difference between credit risk and interest rate risk.
• Know how options increase the volatility of fixed-rate securities before you invest.
• Set policies that limit the riskiness of individual types of investments.
• Develop investment objectives and procedures.
• Measure returns and performance.
• Understand and implement approved changes to NCUA Rule 703.
• Prepare informative management reports.
• Understand and implement new rules with step-by-step guidance and real-life examples.
• Keep up to date as proposed changes become new rules, new investment instruments are introduced, and new portfolio management techniques are developed.

About the Author

Leonard Matz, consultant and bank trainer, has been in the banking industry since he became a federal bank examiner in 1973. He has spent more than 15 years in banking as a senior manager, including serving as senior vice president for investments and funds management at the largest subsidiary of Michigan National Corporation. He was chairman of the Risk Conferences on Liquidity in 1999 and 2002, has lectured at the Graduate School of Banking at Madison, Wisconsin, and has been a member of the National Asset/Liability Management Association since 1989. Mr. Matz is the author or coauthor of numerous financial publications published by Sheshunoff including Liquidity Risk Management, Self-Paced Asset/Liability Training, as well as numerous magazine and journal articles.

You might also be interested in:

• NAFCU's Self-Paced Asset/Liability Training for Credit Unions

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