Missouri Corporate Credit Union (MCCU) has entered into a marketing agreement with Brick & Associates, Inc., a premier asset-liability management (ALM) consulting company, to bring low-cost ALM products and services to its member credit unions.
Missouri Corporate’s members who contract with Brick & Associates for ALM services obtain assistance in developing an ALM/IRR Policy as required under the National Credit Union Administration's (NCUA) 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 MCCU.
Jack Brick, president of Brick & Associates, said: “We are pleased to partner with Missouri Corporate Credit Union to provide a full range of ALM products and services to its members.”