News

Corporate America Credit Union and FIMAC Reach Agreement to Offer Risk Management and Profitability Solutions to Credit Unions. 

Denver, Colo.-October 8, 2008 - Corporate America Credit Union and FIMAC Reach Agreement to Offer Risk Management and Profitability Solutions to Credit Unions.

Corporate America Credit Union (CACU), a state chartered corporate credit union, and FIMAC Solutions, LLC, an experienced developer of risk management and profitability software for credit unions, announced that the two organizations have reached a long-term licensing agreement for the use of FIMAC's Risk Analytics® ALM Model, Balance Sheet Manager, and A/L Reporter by CACU and its member credit unions.

Based in Birmingham, Alabama, CACU has over $1.4 billion in assets, and serves the financial needs of 174 member credit unions. Under the agreement, CACU will use FIMAC's products exclusively for its asset liability management (ALM) and interest rate risk (IRR) needs and will offer the products for use by its member credit unions.

"Corporate America is pleased to be partnering with FIMAC both for our own utilization of their products and for the opportunity to offer these products to credit unions," said Thomas Bonds, President and CEO of Corporate America Credit Union. "We conducted extensive due diligence on a variety of offerings and determined that FIMAC exceeded their competition in ease of use, flexibility, analytics and pricing. FIMAC's products are also structured so that they have an application for all credit unions, regardless of size. We're always seeking services that can assist credit unions in making management decisions and meeting regulatory requirements."

"We're thrilled to add Corporate America Credit Union and their members as users of our products," said Gregory Doner, Chairman and CEO of FIMAC Solutions, LLC. "With the addition of CACU, the business partners utilizing our innovative solutions now include four corporate credit unions and more than 80 natural person credit unions nationwide."

Risk Analytics® ALM Model, Balance Sheet Manager, and A/L Reporter

The Risk Analytics® ALM Model is a dynamic income simulation and net present value asset and liability management model. The ALM Model is a high quality cost-effective solution to address the interest rate risk of financial institutions and satisfies all the major regulatory and accounting requirements. FIMAC uses a "software as a service" (SAAS) format, so the ALM Model, controlled by the user, processes on a central web-based server and does not require the purchase of software.

Balance Sheet Manager (BSM) is a Windows©-based software that provides users with a quick, accurate measurement of the impact management decisions will have on the balance sheet and income statement. BSM allows the user to perform "what-if" scenarios and analysis to determine the impact current earnings, equity value, the risk of interest rate changes to earnings and equity, key liquidity and capital ratios, and compliance with respect to set risk limits.

A/L Reporter, a service bureau approach designed for smaller credit unions, provides asset and liability reporting primarily utilizing data from a credit union's Form 5300 Call Reports and ARIES files.

FIMAC Solutions, LLC

FIMAC Solutions, LLC, provides Creative Analytic Solutions for Depository Institutions. Based in Denver, Colorado, FIMAC specializes in providing credit unions and banks with software focused on risk management and profitability. The Company's flagship product, Risk Analytics® ALM Model, is recognized throughout the industry with approximately 350 placements. For further information, please call FIMAC Solutions at (303) 320-1900, email sales@fimacsolutions.com, or visit www.fimacsolutions.com.

Corporate America Credit Union

Corporate America Credit Union, a state chartered corporate credit union with a national field of membership, is a dedicated, not-for-profit financial cooperative. Since inception, Corporate America has served as a source of liquidity, correspondent, investments and related education services. Product and service additions in recent years include revolving demand loans, debit and ATM card services, teller and branch capture and more. Most recently, Corporate America has begun offering our Super 30 account which allows credit unions to earn a higher rate of return while maintaining the short-term liquidity of a share account and free ACH services including origination, receipt and returns. Corporate America operates for the mutual benefit of our membership in serving credit unions daily. For more information on these services or to see our excellent rates, log onto our website at www.corpam.org, call 1-800-292-6242, or e-mail lsmith@corpam.org.

FIMAC and Mid-Atlantic Corporate Federal Credit Union Reach Agreement to Offer Value-Added Risk Management and Profitability Solutions to Members

Denver, Colo.-September 22, 2008 - FIMAC Solutions, LLC, an experienced developer of risk management and profitability software for credit unions, announced that it has reached an agreement with Mid-Atlantic Corporate Federal Credit Union that will allow Mid-Atlantic to offer FIMAC’s Risk Analytics® ALM Model and Balance Sheet Manager software on a private label basis to its member credit unions.

The ALM Model is a dynamic income simulation and net present value asset and liability management model, while Balance Sheet Manager’s “what if” simulations provide users with a measurement of the impact management decisions will have on the balance sheet and income statement. Mid-Atlantic will combine the output of these model reports with consulting services and other value added analysis.

“FIMAC’s experience with credit unions made this relationship a natural fit for us,” said Jay R. Murray, President & CEO of Mid-Atlantic Corporate Federal Credit Union. “Through this partnership, our member credit unions will receive state-of-the-art software, while maintaining the friendly customer service they have come to expect from Mid-Atlantic Corporate.”

“I am very excited about this relationship. We have known Mid-Atlantic for many years and recognize it as a quality organization dedicated to helping its members,” said Gregory Doner, Chairman and CEO of FIMAC Solutions, LLC. “Our software combined with Mid-Atlantic’s team will provide one of the finest services in the nation.”

For further information about any of these products, please call FIMAC Solutions at (303) 320-1900 or email sales@fimacsolutions.com.

Mid-Atlantic Corporate Federal Credit Union is a federally chartered corporate credit union, which provides investment, lending and payment services, including ACH, share draft and electronic bill payment processing, to more than 1,200 credit unions. For additional information regarding Mid-Atlantic Corporate Federal Credit Union, please call 1-800-622-7494 or visit www.midatlanticcorp.org.

FIMAC Solutions, LLC, provides Creative Analytic Solutions for Depository Institutions. Based in Denver, Colorado, FIMAC specializes in providing credit unions and banks with software focused on risk management and profitability solutions. The Company’s flagship product, Risk Analytics® ALM Model, is well recognized throughout the industry with approximately 350 placements. Further information is available at www.fimacsolutions.com

FIMAC Offers “Window to the Future” to Bank CFOs and Loan Officers

FIMAC’s Commercial Real Estate Stress Test helps bankers see the red flags before CRE loans become losses

Denver, Colo. - May 1, 2008 - While the nation’s largest banks continue to reel from the sub-prime mortgage collapse, banks coast to coast have another witches’ brew in the making. Since 2000, the joint regulating agencies have been looking at the levels of underlying risk associated with banks’ commercial real estate loan portfolios. In a report released April 14, credit rating agency A.M. Best reiterated that “commercial real estate risk is the leading contributing factor to overall credit risk for mid-size and small banks.”

"Right now too many community bankers are having too hard a time coming to grips with the problems that have emerged in their commercial real estate portfolios,” Comptroller of the Currency John C. Dugan said in a speech last month.

Veteran former banker Gregory W. Doner, Chairman and CEO of FIMAC Solutions LLC, believes commercial real estate loan failures could be the next big pothole in the road for the U.S. economy. Doner’s company has developed a technology-based ‘magic wand’ that the company believes could help banks, savings & loans and other lenders avoid disaster on the commercial real estate side.

In June, FIMAC plans to release its widely anticipated Commercial Real Estate Stress Test model, a proprietary state-of-the-art software product that lets loan officers analyze how a commercial real estate project will perform under changing market conditions. The FIMAC stress test helps bankers become more proactive in recognizing if or when a loan could have trouble repaying.

“For the first time lenders have a scientific way to identify problem loans in advance of the problem,” said Doner. “Stressing a bank’s loan portfolio, loan-by-loan and in aggregate, by simulating changes in real world economic factors, allows lenders to identify the breaking points—in advance.”

Loan officers can push the envelope for a loan by subjecting a CRE project to changes in interest rates, capitalization rates, vacancy rates and rental rates. The program, called CRE Stress Analytics, will stress Net Operating Income (NOI), Capitalization Rate, Estimated Collateral Value, Debt Service Coverage (DSC) Ratio and Loan to Value (LTV) Ratio under any combination of economic and market scenarios.

“FIMAC’s CRE Stress Analytics empowers any banker to run a simulation on a single CRE loan or on hundreds of loans simultaneously to see how his or her loan portfolio will perform in different scenarios that simulate changing market conditions during the life of the loans,” said Doner. “If you are a chief loan officer or a bank CFO, this is like having a window to the future.”

Based in Denver, Colorado FIMAC Solutions, LLC, specializes in providing the financial services industry with banking software focusing on risk management and profitability solutions. The Company’s flagship product, Risk AnalyticsÒ ALM Model, is well recognized throughout the industry with approximately 350 placements. Further information is available at www.fimacsolutions.com.

FIMAC Retains CTA Integrated Communications Public Relations Campaign

April 21 /PRNewswire/ -- FIMAC Solutions, LLC has engaged CTA Integrated Communications to implement a national public relations campaign to help build brand awareness for FIMAC and its banking software products within the banking and financial services industry.

The campaign will focus on two of FIMAC's new software solutions, the company's groundbreaking Deposit Analytics(TM), a solution that provides recommended rates for financial institutions and predicts the balances that will be achieved at those rates, measures the profitability of those deposits, and back tests for proof of performance. The other product, slated for release this summer, is a commercial real estate stress test model designed to show loan officers how commercial real estate loans will perform under a combination of changing market conditions.

Four Oaks Bank & Trust Company to Use Deposit Analytics

April 10, 2008

FIMAC Solutions LLC has announced that the $700 million in assets Four Oaks Bank & Trust Company of Four Oaks, North Carolina has signed a contract to utilize FIMAC’s groundbreaking Deposit Analytics solution for deposit price optimization and management.

Four Oaks becomes the first bank in North Carolina to adopt price optimization from FIMAC.

Greg Doner, CEO of FIMAC Solutions said “We are thrilled to have a progressive and well managed bank such as Four Oaks join us to begin proper deposit pricing. We know that correct deposit pricing and balance projections can add many basis points to their profitability”.

Introducing Commercial Real Estate Stress Testing

We are set to introduce our new CRE Stress Analytics model at our Annual Meeting this May 14-16.  This industry leading model will be the Best Practice standard for all commercial real estate lending in community banks.  For more information contact Randall Corwin at 877-789-5905, Ext. 739 or rcorwin@fimacsolu

Deposit Analytics

From Greg Doner
CEO of FIMAC Solutions LLC

We are proud to introduce to the marketplace our new Deposit Analytics™ – A Predictive Solution.  Deposit Analytics combines the power of the most advanced price optimization statistical and algorithmic model available in the world today with our expert Counseling Team. We do the heavy lifting, you implement.  It’s that easy.

Deposit Analytics, a financial analytics platform, provides an institution with predictive behavior patterns of their depositors and those in the area.  We utilize that information to predict behavior patterns under our recommended “Golden Key” rates. Then we provide an analysis of profitability of each deposit account and backtest everything for accuracy.

This is truly a solution that has never been available anywhere until today.  It is truly hard for us to believe that we are the firm that is fortunate enough to actually be the first in the market with this technology.  No more guessing at rates and balances, Deposit Analytics provides all the information and guidance needed.  Deposit Analytics is the new standard for Best Practices in deposit management.