Asset Liability/Liquidity/Investment Committee (ALCO)

• Cory F. Phinney, Chief Financial Officer, Chair
• Shawn M. Hayes, President/CEO
• Karen M. Bennett, Director of Lending
• Pamela J. Nolan, Chief Operating Officer
• Amy M. Manfred, Executive & HR Administrator
• Richard L. McClintock
• Peter A. Reale
• Patrick R. Ida
• John F. Lenhart
• William Morse

Role of ALCO

The ALCO is comprised of Directors and TrailNorth staff members. The committee works with and through staff members to establish guidelines and limits for financial decision-making and general operating procedures necessary to maintain the financial integrity of TrailNorth Federal Credit Union. ALCO manages three types of risk, including interest rate risk, credit risk, and liquidity risk in ensuring adequate net worth and long term financial viability. The ALCO uses a variety of analyses and financial simulation technology to accomplish its mission.