Corporate America CU Licenses FIMAC’s Risk Analytics

BIRMINGHAM, Ala. – Corporate America CU announced yesterday it has signed a deal with FIMAC Solutions LLC to sell the company’s Risk Analytics ALM Model, Balance Sheet Manager, and A/L Reporter to its member credit unions.

Under the agreement, the $1.4 billion corporate will use FIMAC's products exclusively for its asset liability management and interest rate risk needs and will offer the products for use by its member credit unions.

The Risk Analytics ALM Model is an income simulation and net present value asset and liability management model. Balance Sheet Manager is a Windows-based software that provides users with a quick, accurate measurement of the impact management decisions will have on the balance sheet and income statement. A/L Reporter is a service bureau approach designed for smaller credit unions, provides asset and liability reporting primarily utilizing data from a credit union's Form 5300 Call Reports and ARIES files.

Denver-based FIMAC has signed a similar licensing agreement with at least one other corporate, Mid-Atlantic Corporate FCU.