Through its registered investment advisor affiliate, MEMBERSCapital Advisors, CUNA Mutual Group is expanding its Credit UnionInvestment Advisory Services.

The Madison, Wis.-based company's said the CUIAS program takesthe securities selection, execution and monitoring of an investmentstrategy off the plate of the credit union and places it on thesame as portfolio managers who invest for CUNA Mutual's nearly $10billion general account.

CUIAS is targeted at credit unions with more than $20 million ininvestable assets, with the minimum investment being $10 millionfor durations of one year or longer.

CUNA Mutual said it hired Jeff Weber to help push CUIAS forward.Prior to his role as an investment sales specialist for MEMBERS Capital, Weber served as the managing director ofequity trading for Allianz of America, where he was responsible formanaging a Standard and Poor's 500 Index Fund with more than $600million in assets, according to CUNA Mutual.

“The credit union's management remains in total control of theprocess,” said Ed Meier, director of fixed income investments atMEMBERS Capital. “They review, analyze and approve everytransaction as the portfolios are advised by MCA on anon-discretionary basis.”