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Asset/Liability Management

Providing a Clearer Picture of the Credit Union's Progress

Fiserv Galaxy Clients Have a Choice When it Comes to Asset/Liability Management. Asset/Liability Management is the simultaneous management of assets and liabilities to control interest rate risk and profitability.

CUPlan

The first offering is a PC-based software package called CUPlan. Interfaced with the GALAXY Credit Union System, CUPlan uses GALAXY's general ledger to provide accurate data for reporting and analysis. CUPlan's financial statements, management reports and graphs can be taken directly to board meetings for a consistent approach to financial reporting.

CU/ALM-ware

For credit unions looking for a more comprehensive approach to ALM, CU/ALM-ware is a great choice. This product is used by the NCUA in their examinations. By integrating CUPlan and CU/ALM-ware, GALAXY clients have a comprehensive and affordable solution to their ALM needs.

Comprehensive Rate Risk Report

In addition these two products, GALAXY and IPS-Sendero (A Fiserv Company) have teamed up to offer an alternative approach to ALM. One of the most exciting products offered to GALAXY clients by IPS-Sendero is the Comprehensive Rate Risk Report, which is based on a tape extract that is sent by GALAXY directly to IPS-Sendero for analysis. This report provides estimates of interest rate risk performance for use in strategic management and regulatory compliance decisions. The primary value of the report is its broad based assessment of the sources, magnitudes and directions of the interest rate risk characterizing your credit union. The report provides benchmark IRR policy limits and a comparitive to regulatory interest rate risk evaluations.