CUNA Mutual, McGuire Ally To Offer Solutions

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CUNA Mutual Group's Financial Management Services (FMS) has entered into an alliance with McGuire Performance Solutions (MPS) to offer several balance sheet management and interest rate risk compliance solutions.

The partnership said it will offer:

* Accurate estimates of credit union-specific core deposit behavior, value and embedded interest rate risk (IRR).

* Hedging power.

* Industry level benchmarks of core deposit value; measurements of credit union-specific loan prepayment behaviors.

* Independent assessments of fixed-rate mortgage-related income levels.

* Net economic value interest rate risk in credit union balance sheets.

"This agreement with MPS is one of several strategic partnerships FMS and CUNA Mutual are offering credit unions, and more will follow," said Kevin Haffner, FMS team manager.

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