Bank notes worth a look for CUs

If you have had a few investments called and now are suffering sticker shock at the low reinvestment yields of agency securities, then perhaps bank notes are worth a look to enhance portfolio returns. Bank notes are marketable securities issued by large, multinational and regional domestic commercial banks, They are considered subordinated debt obligations of the issuing institution. They also are permissible credit union investments under the National Credit Union Administration's Regulation 703 if the final maturity is within 5 years. Credit union CEO's should consider investing in bank notes to obtain additional yield without being short an option.