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September 26, 2008updated 06 Sep 2016 2:59pm

Fimac and Mid-Atlantic Corporate sign agreement

Fimac Solutions, a developer of risk management software, has reached an agreement with Mid-Atlantic Corporate Federal Credit Union, according to which Mid-Atlantic will offer Fimac's Risk Analytics ALM Model and Balance Sheet Manager software on a private label basis to its member credit unions.

By CBR Staff Writer

According to Fimac Solutions, the ALM Model is an income simulation and net present value asset and liability management model, while Balance Sheet Manager’s ‘what if’ simulations provide users with a measurement of the impact management decisions will have on the balance sheet and income statement. Mid-Atlantic will combine the output of these model reports with consulting services and other value added analysis.

Jay Murray, president and CEO of Mid-Atlantic Corporate Federal Credit Union, said: Fimac’s experience with credit unions made this relationship a natural fit for us. Through this partnership, our member credit unions will receive state-of-the-art software, while maintaining the friendly customer service they have come to expect from Mid-Atlantic Corporate.

Gregory Doner, chairman and CEO of Fimac Solutions, said: I am very excited about this relationship. We have known Mid-Atlantic for many years and recognize it as a quality organization dedicated to helping its members. Our software combined with Mid-Atlantic’s team will provide one of the finest services in the nation.

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