FRISCO, Texas – Credit union data processor IntegraSys ispartnering with fellow Fiserv credit union processors to get itsWisdom Financial Management Suite in more credit unions. It has B2Bagreements with Aftech, Galaxy, and CUSA Technologies to offerWisdom to its CU clients. Each processor will offer the productdifferently and likely brand it in such a way that doesn'thighlight that it's an IntegraSys product. In total, Wisdom is usedby credit unions on 30 different core processing systems. Wisdomincludes ALM, portfolio management and general ledgerfunctionality. IntegraSys inherited Wisdom back when it was part ofEDS. EDS picked up the Wisdom product in one of its acquisitions.Wisdom Product Manager Craig Strumpfer said some of the CU coreprocessors are looking for Wisdom to help modernize their generalledgers without doing a complete rewrite. “What we see in themarketplace is a lot of the core systems have older legacy systems.Wisdom is a state of the art Windows-based product that integratesand interfaces well,” said Strumpfer. As for the ALM functionality,Dave Campbell, Senior Vice President with IntegraSys and generalmanager for its Charlotte, CubicsPlus and Wisdom products, saidcredit unions need more ALM tools these days. “Examiners arefocusing more on having an ALM plan. The other thing is creditunions are smarter in some cases (than banks). They realize theeffect of margins, interest rate changes, things that may notimpact a huge, large financial institution like a Bank of America.Interest rate margin changes could significantly impact theirbusiness. What Wisdom allows them to do is look at scenarios. Howdoes a 50 point change in rates in the next year or next five yearsaffect them,” said Campbell. Wisdom has reporting features that canshow the CFO and CEO the high-level look they need, while boilingdown overall results for directors. That's one of the reasons FortLee FCU went with Wisdom. “Wisdom makes preparing requiredinvestment reports and NEV calculations, as well as financialstatements for the board, less cumbersome and much faster than ourold method, and our board had no difficulty adapting to the newformat,” said Fort Lee FCU CEO Patsy Stuard. “Wisdom compares theprojected budget to the actual numbers and allows the flexibilityfor changes.” Over the last two years, more than 80 CUs have addedWisdom. Today there are 450 CUs on the product. One new enhancementis the ability to run Wisdom over a wide-area network, giving CUswith multiple branches an opportunity to look at their entireoperations. Wisdom also now has new net economic value calculationsand a loan pool method for calculating loan loss [email protected]