Corporate Central Credit Union Expands Partnership with Farin & Associates, Inc. to Offer Enhanced ALM Solutions to Credit Unions
Fitchburg, Wisconsin – Corporate Central Credit Union announced today a renewed agreement and expanded partnership with Farin & Associates, Inc., a financial services consulting firm. Corporate Central initially partnered with FARIN five years ago to begin offering Asset Liability Management (ALM) solutions to member credit unions.
Effective September 30, 2012, the NCUA will require federally insured credit unions to develop and adopt a written policy on interest rate risk management and a program to effectively implement that policy as part of their ALM responsibilities. Recognizing the impact this rule will have on credit unions, Corporate Central worked with partner FARIN to ensure the proper assistance and resources would be available to their members.
“Having the proper tools available for this important management process is critical,” commented Robert W. Fouch, President and CEO, of Corporate Central Credit Union. “FARIN has been an exceptional partner to Corporate Central over the past five years and we are very pleased to have expanded our partnership.”
Ches Marks, National Sales Director, of Farin & Associates, added, “We are very excited about continuing and expanding the partnership with Corporate Central Credit Union. Over the years, this partnership has led to the development of a number of close working relationships and Farin & Associates is looking forward to working with their member credit unions, and assisting them with their financial analysis, product pricing, education and consulting needs”.
The ALM solutions service is designed to provide Corporate Central members with better financial management tools and financial analysis solutions. In addition to assistance developing interest rate risk management policies, Corporate Central members will have access to the following services offered through FARIN:
- Robust in-house ALM models and outsourced ALM model options
- Non-Maturity Core Deposit analysis
- Loan/Relationship profitability model (LoanEDGE)
- Loan and Deposit Pricing services
- Educational webinars and seminars
About Farin & Associates, Inc.
Farin & Associates, Inc., was founded in 1985. FARIN is a financial services consulting firm that provides asset/liability management solutions, retail product pricing solutions, and core deposit analysis to banks, thrifts, and credit unions nationwide. For more information about Farin & Associates, Inc. visit www.farin.com or call 800.236.3724.
About Corporate Central Credit Union
Corporate Central Credit Union is a federally insured financial cooperative that is strongly committed to serving the needs of our members. Built on the values of commitment to service, fiscal responsibility, and respect for the individual, Corporate Central Credit Union adheres to the highest standards of integrity, professional ethics, cooperation, and teamwork. A strong focus on maintaining quality partnerships enables Corporate Central Credit Union to remain firmly rooted in the tradition of “people helping people.” In addition, by partnering with leading service providers, Corporate Central Credit Union is able to offer innovative correspondent products, investment services, and lending programs to our members. Please visit www.corpcu.com to learn more.
- Contact Information
- Jackie Myers
- Marketing & Education Manager
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