PLANO, Texas--Catalyst Strategic Solutions and Salt Lake City-based Visible Equity, LLC said they have teamed up to provide credit unions greater access to state-of-the-art analytic tools.
“The products enable credit unions to remain current on ever-changing market trends to make better-informed, data-driven decisions,” the companies said. “The analytics also help credit unions meet new industry standards for risk analysis and actively manage portfolios while preparing for increasingly challenging examinations.”
“With Visible Equity analytic tools, credit unions can access data when they need it and how they need it,” said Mike McGinnis, vice president of investment sales for Catalyst Strategic Solutions.
Credit unions can say goodbye to static spreadsheets and reports, McGinnis said. Visible Equity automates analysis that used to take hours, or even days, saving credit unions time and money. “The software does what you need it to do—identify, measure and monitor risk so you can focus on serving members instead of crunching numbers and navigating spreadsheets. Any major credit union decision—whether to drive revenue, control costs or mitigate risk—is better informed with analytics,” McGinnis added.
To date, more than 350 credit unions across the country—ranging from $14 million to more than $6 billion in assets—are using Visible Equity’s analytic tools. Credit unions that use Catalyst Strategic Solutions’ Advisory Services or ALM Services can gain the added benefit of integrating in-depth lending analytics and portfolio credit metrics into their ALM and balance sheet analysis and consultation, McGinnis said.
Visible Equity analytic tools and reports include: loan portfolio optimization, collateral valuations and LTV analysis, concentration risk analysis, delinquency and charge-off analysis, static pool analysis, migration and trending reports, expected loss modeling, default modeling probability, stress testing, loan quality grading, and fair lending analysis.
Credit unions can learn more about the powerful capabilities of Visible Equity software at a complimentary webinar Thursday, Jan. 22, at 2 p.m. CT. “The webinar will explain how to enhance strategic decision-making in lending, simplify lending analysis, and use Visible Equity for a competitive edge in the local community,” McGinnis said. The session is appropriate for management and lending staff.
For info: www.catalystcorp.org/webinars.aspx or 800-301-6196.