SAN DIMAS, Calif. -WesCorp has become the first corporate credit union to have all expanded investment authorities allowed under NCUA Rules & Regulations. At the July NCUA Board meeting, NCUA gave WesCorp approval for expanded investment authorities under Part III of Part 704 Appendix B of NCUA's Rules & Regulations. The expanded powers gives WesCorp the regulatory authority to expand its investment and derivative activities with more qualified non-US entities. "This is a real opportunity for credit unions holding some $55 billion of Treasury/agency debt to diversify their holdings and pick up a considerable increase in yield," said Robert Burrell, senior vice president and chief investment officer for WesCorp.
WesCorp has all expanded investment authorities
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