ALM Validation Audit
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The ALM validation audit is a service peformed for the credit union using the Brick &
Associates CU/ALM-ware System*. The purpose of the audit it to evaluate the
reasonableness of the underlying assumptions and procedures of the ALM software as it
pertains to the specific credit union. The service is peformed remotely from our
office using information supplied by the credit union.
What we do:
- Verify parameters and review assumptions
- Review ALCO and board minutes
- Review output for reasonableness
- Prepare written report
Why we do it:
- Address examiner's issues
- Fine tune cruicial decision making tools
- Turnover of key personnel
How performed:
Contact us at (440) 542-1536, either Jennifer Bopple (ext 22) or Chris Cordiak
(ext 27) for more information regarding ALM validation audit services.
Brick and Associates provides
asset-liability management consulting and software to over 600 credit unions. In
the process of working with its credit union clients, trade associations, leagues,
federal and state examiners, Brick & Associates has acquired an in-depth perspective
on credit unions, ALM strategies, strategic planning regarding the cooperative
nature of these institutions and the regulatory framework.
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