MUSKEGO, Wis. – QuantyPhi is inviting credit union executives to gain a better understanding of asset liability management best practices, appropriate benchmark setting, balance sheet analytics, and overall strategic planning during times of unpredictable interest rate fluctuation at one of two Strategic ALM Workshops it will host next month.
Scheduled for Dec. 12 at Co-op Credit Union in Onalaska, Wis., and Dec. 13 at Summit Credit Union in Madison, Wis., each day-long educational event will focus on aligning investment analysis with balance sheet interest rate risk position, QuantyPhi said.
“As we approach 2018, planning for potential rate increases, exploring strategies that perform well in multiple scenarios, and keeping sharp focus on overall balance sheet risk will continue to be front-and-center issues,” said Kevin Chiappetta, QuantyPhi president and Corporate Central Credit Union SVP of investment services. “Credit unions that understand how to optimize their entire balance sheet will have an edge, as will credit unions who invest in outsourced or in-house technology that can run what-if scenarios fast enough to adjust to quickly-changing conditions.”
Part of a hands-on traveling workshop series, each program will lay a foundation for understanding interest rate risk and key interest rate risk measurement, QuantyPhi said. Workshops will also include presentations to help asset-liability committee (ALCO) members successfully lead the ALM process by establishing effective ALCO structure and policy.
“Helping train our management teams and boards on what the numbers mean—and how to use them to make better decisions—is really important,” said Michelle McClelland, Prospera Credit Union CFO. “As rates go up, we need to make sure that we’re well-versed on what’s happening with our balance sheets and what it looks like from an interest risk perspective.”
For info and registration: QuantyPhi.com. Registration deadline is Dec. 8.