Want to learn the basics of fixed-income investments?

During this webinar, you will not only expand your knowledge of fixed-income investments, but you will specifically focus on:

• Investment policy construction – regulatory constraints and how to appropriately place limitations in the investment policy
• Policy language for all security types
• Introduction to broad-based investment strategies
• Laddered strategy
• Barbell strategy
• Bullet strategy
• Rolling down the yield curve
• Sector rotation

Interested in other webinars like this one? The CUNA Fixed-Income Investments eSchool is just for you! This eSchool is designed to give participants the fundamental knowledge of fixed-income investing as it relates to permissible investments for credit unions. Topics covered include fixed-income terms, security types, portfolio construction, portfolio management, security selection, investment accounting, policy guidance and design of the portfolio as part of the overall balance sheet.

This event is produced by the CUNA Center for Professional Development and endorsed by the CUNA CFO Council.

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff! When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

This session is part 5 of the 8 part CUNA Fixed-Income Investments eSchool.
Click here for more information.

Can't attend at this time? Click here for the archived version.

Investment Policy Modifications & Introduction to Investment Portfolio Construction

• Investment policy construction – regulatory constraints and how to appropriately place limitations in the investment policy
• Sample policy language for all security types
• Introduction to broad based investment strategies
• Laddered strategy
• Barbell strategy
• Bullet strategy
• Rolling down the yield curve
• Sector rotation

This webinar is designed for board members, credit union financial staff and senior executives interested in gaining fundamental knowledge of fixed-income investments.

Affiliation with CUNA/League is required for attendance.

ALM First

Each session will be led by an industry expert from ALM First. ALM First is the nation’s leading financial advisory firm serving the credit union community since 1995. With more than $16 billion under management and over 150 clients, ALM First acts as an unbiased third party, formulating strategies to manage risk and enhance return, uncovering opportunities for greater efficiencies, and helping financial institutions avoid non-compliance.



Cullen Coxe
Cullen Coxe joined ALM First Financial Advisors in 2003. As a Financial Advisor for the firm, his primary responsibilities include reviewing clients’ asset/liability portfolios, as well as designing and executing financial strategies that provide the best value proportional to each client’s desired risk profile.

Mr. Coxe has lengthy experience in trading and investment portfolio management. He also has had extensive interaction with the secondary market, including mortgage-loan origination, production, funding and hedging.

Before joining ALM First, Mr. Coxe was a bank portfolio manager and trader, responsible for a $4 billion mortgage-backed security portfolio. In this position, he researched, analyzed and executed trades involving mortgage-backed, pass-through securities, as well as collateralized mortgage obligations. Additionally, he hedged the portfolio on a monthly basis to ensure compliance with regulatory guidelines, and planned and forecasted balance-sheet strategies based on various interest-rate scenarios. Prior to serving as a portfolio manager for the bank, he managed its liabilities and all borrowings with a focus on reducing the cost of funds.



Brian Park
Brian Park serves as a Financial Advisor for ALM First Financial Advisors. In this role, he is responsible for reviewing the asset/liability structure of client portfolios as well as the development and execution of investment strategies that maximize value while maintaining appropriate levels of risk. Mr. Park also actively participates in new product development for ALM First. In addition, Mr. Park was responsible for developing and maintaining the mergers and acquisition products, as well as the ALM validation products.

Prior to joining ALM First in 2007, Mr. Park served as an analyst for an electronics payment company.

Cancellations received in writing (via fax 608-231-4327) before the end of business on May 29, 2012 are eligible for a refund of the amount paid minus a $50 administrative fee. No refunds will be granted for cancellation requests received after May 29, 2012. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.