NEW YORK (4/7/16)--The National Federation of Community Development Credit Unions will partner with TCT Risk Solutions to provide risk management services and support to member credit unions designated as community development financial institutions and low income.
TCT Risk Solutions is a credit union service organization that will offer the following services to credit unions:
Members of the Federation will receive discounted rates for each of the services provided by TCT Risk Solutions.
"The new online tools, especially for ALM, provide a powerful and easy way for credit unions to model the effects of new products at credit unions, and identify the equity needs related to future growth," said Pablo DeFilippi, Federation vice president of membership and new business.
"TCT is aligned with the Federation's mission of financial inclusion,” said CEO Randy Thompson. “TCT was founded on the belief that credit unions are essential to the communities they serve and that the financial well-being of millions of Americans is dependent on credit unions. Credit unions thrive when they have the right tools."