NEW YORKâThe National Federation of Community Development CUs said it has entered into a new partnership with TCT Risk Solutions to provide risk management services and support to member credit unions with CDFI and LID designations. TCT Risk Solutions is a CUSO formed in 2014 to enhance the risk management tools and services that its CEO, Dr. Randy Thompson, has been providing to credit unions since 1986.
According to the Federation, some of the core services available to credit unions through the partnership are:
- Interest Rate Risk Management, including Base Case ALM reporting, online Limits Calculation tool and online Simulation tool
- Online Liquidity Shock Test
- Online Risk Based Pricing tools
- Credit Migration with CECL compliant ALLL reporting
- Compliance Solutions
Members of the Federation will receive discounted rates for each of the services provided by TCT Risk Solutions.