Missouri Corporate Credit Union in St. Louis said Thursday it has entered into a marketing agreement with Brick & Associates Inc. in East Lansing, Mich., an asset-liability management consulting firm, to bring ALM products and services to its member credit unions.
Missouri Corporate members that contract with Brick & Associates for ALM services obtain assistance in developing an ALM/IRR policy as required under the NCUA's new Interest Rate Risk regulation.
Member credit unions can purchase Brick & Associates' CU/BUDGET-ware and CU/ALM-ware Systems and consulting services to assist in the financial management of the credit union.
Brick & Associates also assists credit unions in developing a liquidity management policy and a contingency funding plan in conjunction with the NCUA's proposed rule on emergency liquidity. Brick's model concentration risk policy is also included in the firm's ALM relationships.
"With NCUA's new interest rate risk regulation now in effect, the timing of this partnership could not have been better," said Dennis DeGroodt, president/CEO of Missouri Corporate CU.
Missouri Corporate CU serves 130 credit unions in Missouri, Illinois, North Dakota and Oklahoma.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
