FAIRFAX, Va. – FedComp will now market to its credit union clients the CU Investment Manager software from CUNA Mutual Group. The investment accounting package supports monthly accruals and accretions for investments ranging in sophistication from certificates of deposits to collateral mortgage obligations and will help FedComp serve the growing number of mid-size credit unions in the core processor's large client base. "I've paid much more elsewhere for far less," says Carolyn Warden, FedComp's director of education and former CEO of a $26 million FCU. "We used another investment accounting package when spreadsheets were no longer good enough to comply with NCUA regulations. I'm not one to allow investment brokers to produce my accounting and analysis tools because they can have conflicting interests. So I think software in your own office is the best way to handle investment accounting," she says.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.