April 26, 2012 - 12:12pm
#1
How do your credit unions handle the performance of model validations for your ALM software? Do you outsource this to a third party or do in-house? We use ProfitStar for ALM and the 3rd party bid we received was quite expensive, so management is exploring the possibility of doing in-house. If your IA does it, did you attend specialize training and through whom? Can you please include the size of your credit union in your response (we are ~$350 million). If you have an audit program that you are willing to share that would also be great. Thank you.
