LAS VEGAS — Mark Andrews is running for the Nevada State Treasurer post and says his credit union experience will help turn the state's investment portfolio around.
Andrews is a vice president at $560 million Clark County Credit Union. The Nevada Appeal recently questioned him on what he hopes to bring to the treasurer's role. Nevada law strictly limits the types of investments the treasurer can make to the safest instruments. The publication asked Andrews should the treasurer have more authority to use different and potentially higher interest financial instruments and should the rules be different for different types of money.
"Our financial markets are heading into complicated and threatening waters due to the misapplication of the Millennium Scholarship and an inverted yield curve on investments," Andrews replied. "It will take wise hands to care properly for the state's treasury during the next four years."
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Andrews also tells the publication, "It's time to clear out the 16-year rule of previous administrations.
"I have no such ties to them or any of the Republicans or Democrats and am therefore not beholden to anyone when it comes time to direct future state investments," he said.
Andrews considers himself to be "the only appropriately qualified candidate," having 10 years of financial experience at Clark County CU. Andrews currently serves as vice president of sales and marketing.
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