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.