CU/ALM-ware ® System
The CU/ALM-ware System is an analytical tool used to monitor and control interest rate risk and to test strategies prior to implementation. At an instrument level, the various ALM Reports assess interest rate risk using NEV, Income Simulation, and the NCUA’s NEV Supervisory Test results. Balance sheet concentrations, diversification of products, the impact of embedded options (such as prepayments and call features in shock tests), and policy compliance are also examined. The CU/ALM-ware System has been tested and certified by CPAs.
CU/BUDGET-ware is linked to CU/ALM-ware but it is a separate product since some CUs only need an ALM solution. If the CU/ALM-ware and CU/BUDGET-ware Systems are purchased simultaneously, the CU receives a 10% discount off the combined License Fee.
CU/BUDGET-ware ® System
The CU/BUDGET-ware System is used by CUs to develop a comprehensive balance sheet driven budget and up to a 5-year Strategic Plan. Monthly and YTD Actual vs. Budget Income Variance Reports assist management in evaluating how their actual income, ratios, balance sheet, and performance compares with the budgeted projections.
CU/BUDGET-ware is linked with CU/ALM-ware but is sold separately since some CUs only need an ALM solution or a Budgeting solution but not both. If the CU/ALM-ware and CU/BUDGET-ware Systems are purchased simultaneously, the CU receives a 10% discount off of the License Fee of each System.