FAIRFAX, Va. – FedComp (www.fedcom.com) is now interfacing its flagship core processing system – FedComp-TNG – to the PEARLS asset and risk management package from the World Council of Credit Unions (www.woccu.org). The system, which provides a set of financial management and monitoring tools, typically is a single-user application installed on the same system as the FedComp application, the company said. PEARLS stands for Protection, Effective Financial Structure, Asset Quality, Rates of Return and Cost, Liquidity and Signs of Growth. FedComp, meanwhile, has systems deployed in more than 1,100 credit unions internationally.
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