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SAN DIEGO — Pre-funding future benefit costs isn’t as complex as it may seem; in fact, a credit union’s balance sheet assets wouldn’t even change, said John Moreno, director of Client Services and Marketing for CUNA’s Members Capital Advisors. Moreno presented a breakout session regarding the new budgeting tool during CUNA’s HR/TD Council Summit.

“Basically, all you’re doing is earmarking assets for future benefit obligations, and investing them in otherwise impermissible managed accounts,” Moreno said.

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