Corporate Central Credit Union’s 300 members will be provided with a free webinar Monday, June 18 to explore the changes in policy, approach, and assumptions that credit unions must undertake to meet new NCUA interest rate risk rules. The webinar, which will start at 2 p.m. Central Time, will be offered by the Fitchburg, Wis.-based Farin & Associates.
“Having the appropriate tools for this important management process is critical,” said Robert W. Fouch, president/ CEO of the $2.4 billion corporate. “FARIN has been an exceptional partner to Corporate Central over the past five years and we are very pleased to have expanded our partnership with them.”
Beginning September 30, the NCUA will require all 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 Asset Liability Management responsibilities.
In response, the Muskego, Wis.-based Corporate Central expanded its partnership with FARIN to provide additional services. In addition to assistance with the development of interest rate risk management policies, Corporate Central members will have access to in-house ALM models and outsourced ALM model options, non-maturity core deposit analysis, loan / relationship profitability models, loan and deposit pricing services, educational webinars and seminars and consulting Services.