Many financial institutions view asset/liability management (ALM) strictly as a regulatory requirement. From a functional standpoint, ALM helps credit unions make decisions on what loan, investment and borrowings the financial institution should pursue, as well as the rates to offer, in order to make profitable loans while mitigating risks. Financial institutions that run ALM models specifically to comply with regulation will often look at risks like credit risk, interest rate risk and some liquidity testing. But are we actively managing risk, or are we measuring and attempting to mitigate potential risks without necessarily thinking about profitability and opportunity today? Dave Koch, managing director of advisory services for Abrigo, asked this question during a recent webinar.