Ala. CU Offers Risk Solutions
BIRMINGHAM, Ala. -- The 174 member credit unions of Corporate America Credit Union will now be offered the risk management and profitability software solutions of FIMAC Solutions LLC of Denver.
The $1.4 billion corporate (www.corpam.org) said it also plans to use the solutions itself for asset liability management and interest rate risk needs.
FIMAC deploys its software in Web-based, software-as-a-solution and service bureau environments, so software purchase is not required.
"FIMAC's products are...structured so that they have an application for all credit unions, regardless of size. We're always seeking services that can assist credit unions in making management decisions and meeting regulatory requirements," said Thomas Bonds, president/CEO of Birmingham-based CACU.
FIMAC Solutions (www.fimacsolutions.com) now has four corporate and 80 natural person credit unions among its list of 350 clients, the company said.