“Niles Asset Management has been a strategic partner in providing SeaComm with effective asset/ liability management direction. They have been invaluable in working with us to actively manage our growing investment portfolio, while at the same time offering solid advice in the areas of policy, interest rate risk and contingency funding planning.”
Scott Wilson
President & CEO SeaComm Federal Credit Union Massena, New York
"Niles Asset Management has helped us increase our investment income by approximately 90% this past year. Their support, advice and guidance has been invaluable in improving the yield on our investment portfolio while at the same time minimizing interest rate risk and maintaining sufficient liquidity".
Rick Mantey
President & CEO Ulster Federal Credit Union Kingston, New York
"We have been working with Terry and his team at Niles Asset Management for several years and they continue to impress with their level of dedication and commitment. Their guidance and insight have been invaluable as we continue to grow our investment portfolio and strategically focus on our overall asset/liability management. Terry's knowledge and experience in the financial services industry makes him and his team key business partners."
Chris Hay
President & CEO Dannemora Federal Credit Union Plattsburgh, New York
“St. Lawrence Federal Credit Union has been a client of Niles Asset Management since 2011 in the areas of Asset Liability Management (ALM), Strategic Planning and being our Investment Advisor. The credit union was at a starting point with just basic knowledge in these areas. With their guidance policies were developed along with tolerance levels that specifically fit our institution’s growth strategy. Key personnel have gained an in depth understanding of ALM through training and explanation of the ALM model’s information and use as a tool for decision making. The credit union has risen to a higher level in the area of investing gaining the highest yields in our peer group along with increasing its liquidity position. I highly recommend Niles Asset Management for development of smaller institutions while at the same time being able to offer experienced advice and services to larger institutions.”
Todd Mashaw
CEO St. Lawrence Federal Credit Union Ogdensburg, New York
"After a merger in 2009 had us experiencing a higher level of excess liquidity, we turned to Niles Asset Management for help with our investments. We knew that investing in CD's in a low rate environment would not be beneficial to us and they had the expertise necessary to assist us in managing our investment portfolio, which would continually out perform the greater majority of our peers and credit unions larger than us. Their ability to work well with our Board of Directors and management team led us to partner with them for ALM, policies, interest rate risk and contingency funding. We can always rely on them to be proactive regarding the ever-changing world of regulations and they continue to be a trusted partner of UFirst Federal Credit Union."
Linda Bourgeois
President and CEO UFirst Federal Credit Union Plattsburgh, New York