NASCUS Holds Investments Training for California Examiners and Credit Unions

April 17, 2012 - For the fourth year, NASCUS recently partnered with the California Department of Financial Institutions (DFI) for their annual department-wide examiner training. This year's school was focused on investments and was created as an opportunity for credit union officials and examiners to train side-by-side and network co-operatively on issues important for both examiners and credit union officials.

The new Commissioner of the California Department of Financial Institutions Teveia Barnes and the President and CEO of NASCUS Mary Martha Fortney were on hand at the event held March 27-29, in San Diego, California.

The faculty for the school included David Reed and Bruce Jolly from Reed & Jolly, PLLC, who covered investment policy reviews and broker selection as well as an assessment of new investment products. Rob Johnson, Executive Vice President, and Rob McCullough, Vice President from c. Myers discussed credit union investment hazards, how to determine investments suitability and investment alternatives options for evaluating risks of more complex investments.

NASCUS' Investments School concluded with Edward Meier from CUNA Mutual Group for a discussion on mortgage backed securities (MBS), high risks securities tests (HRST) and collateralized mortgage obligations and other investment alternatives. The session included walking through case studies and analyzing mortgage-backed securities. Upon completion of this session attendees had a better understanding of the MBS market and what quantitative and qualitative factors to look for when investing in MBS. 

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