camft.org | Investment Policy

Accepted: June 6, 1992
Revised: April 4, 1997
Updated: June 13, 1998
Revised: September 10, 2000
Revised: September 16, 2011
Revised: March 2, 2012

1. One criterion in measuring an Association's management is the ability to keep cash resources productively employed. Cash on hand not currently needed should be invested so as to earn a competitive rate of return and/or achieve appreciation of assets consistent with maintaining the relative safety and security of the funds invested.

2. To maximize investment opportunities, checking and/or disbursement account balances should not exceed amounts necessary for the Association to comfortably meet its obligations on a timely basis.

3. Determination of type of investment shall be made by the Board of Directors or its designee, based upon cash flow and need. The Executive Director shall recommend to the Board of Directors an investment adviser, broker, or money manager to invest association funds pursuant to 4.B. of this policy. The investment adviser, broker, or money manager shall determine how the funds are to be invested and when they are to be invested.

(1) Savings Accounts
(2) U.S. Government Treasury Bills, Notes, Bonds and other U.S. Government Securities
(3) Certificates of Deposit (federally insured)
(4) Bank Repurchase agreements secured by U.S. Government Bills and Securities with maturity of five
years or less
(5) Money Market Funds limited to the above-mentioned investments
(6) Municipal Bonds: Investment Grade

(1) Investment Grade Corporate Bonds
(2) Preferred Stock
(3) Common Stock
(4) Mutual Funds Comprised of the Above Mentioned Securities
(5) Prime Corporate Commercial Paper
(6) Banker’s Acceptances
(7) Commercial Paper: Investment Grade
(8) Covered Call Options to cover Common Stock ownership

Equities 20%
Corporate Bonds 20%
Government Bonds 25%
Municipal Bonds 15%
Certificates of Deposit 15%
Cash and Other Investments 5%

7. At any board meeting or other occasion at which a decision to purchase, or to consider the purchase of an investment, or the selection of a depository for funds, any party having a financial interest in the investment or depository shall state, and there shall be recorded in the minutes or other record, the fact of the financial interest and the amount thereof. Having made this disclosure, the interested party may participate in discussions but may not vote on such questions.

8. In addition to the investment goals of safety, liquidity and return on investment, CAMFT will attempt to have investments that are believed to have a positive social, economic and environmental impact.


Please enter your birth year below. We are asking for your birth year to learn the demographics of our members so we can best tailor programs and services. This information is confidential and will only be used in an aggregate form to help us know the age of our membership.
Birth Year:
I prefer not to provide this information:


Consent to electronic voting and help CAMFT conserve member resources and become more eco-friendly! To facilitate electronic voting in future CAMFT elections, please consider giving consent to 1) receiving ballots and accompanying documents from CAMFT via electronic means, and 2) voting by electronic means. Your consent only applies to these electronic communications. You have the right to withdraw your consent at any time by providing CAMFT with a written notice sent by e-mail, fax, or mail. If you choose to consent to electronic voting, you may still request a ballot and accompanying documents in paper form.
I give my consent for E-Voting:
OR
I withhold my consent for E-Voting. Please send paper ballots: