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ALM First growth reflects shift in managing balance sheets
DALLAS (8/17/09)--ALM First Financial Advisors grew its client base during the first half of this year by signing 13 new credit unions. The credit union advisory firm now exceeds $10 billion in funds under advisement. The growth reflects the shift among credit unions to seek additional expertise in investment and balance sheet management, according to Angela Calvert, ALM First partner. “Today’s economy has raised awareness of the value in having more sophisticated modeling and direction in the areas of investment and asset liability management,” Calvert said. “There is a common feeling of uncertainty among credit union investors about relying on old methods of security valuations, and the overwhelming theme is more expertise is needed.” New ALM clients include:
* Achieva CU, Largo, Fla.; * California Coast CU, San Diego; * Campus USA CU, Gainesville, Fla.; * CP FCU, Jackson, Mich.; * McGraw Hill Employees FCU, East Windsor, N.J.; * MidSouth FCU, Macon, Ga.; * NuVision CU, Huntington Beach, Calif.; * Operating Engineers Local Union #3 CU, Livermore, Calif.; * Oregon Community CU, Eugene, Ore.; * Premier America CU, Chatsworth, Calif.; * Premier Members FCU, Boulder, Colo.; * Space Coast CU, Melbourne, Fla.; and * Union Square FCU, Wichita Falls, Kan.


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