Press Release

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

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Posted 07 October 2008 @ 04:29 pm ET

BIRMINGHAM, AL and DENVER, CO -- (Marketwire) -- 10/07/08 -- Corporate America CreditUnion (CACU), a state chartered corporate credit union, and FIMACSolutions, LLC, an experienced developer of risk management andprofitability software for credit unions, announced that the twoorganizations have reached a long-term licensing agreement for the use ofFIMAC's Risk Analytics® ALM Model, Balance Sheet Manager, and A/LReporter by CACU and its member credit unions.

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

"Corporate America is pleased to be partnering with FIMAC both for our ownutilization of their products and for the opportunity to offer theseproducts to credit unions," said Thomas Bonds, President and CEO of Corporate America Credit Union. "Weconducted extensive due diligence on a variety of offerings and determinedthat FIMAC exceeded their competition in ease of use, flexibility,analytics and pricing. FIMAC's products are also structured so that theyhave an application for all credit unions, regardless of size. We're alwaysseeking services that can assist credit unions in making managementdecisions and meeting regulatory requirements."

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

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

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

BalanceSheet Manager (BSM) is a Windows©-based software that provides userswith a quick, accurate measurement of the impact management decisions willhave on the balance sheet and income statement. BSM allows the user toperform "what-if" scenarios and analysis to determine the impact currentearnings, equity value, the risk of interest rate changes to earnings andequity, key liquidity and capital ratios, and compliance with respect toset risk limits.

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

FIMAC Solutions, LLC

FIMAC Solutions, LLC, provides Creative Analytic Solutions for DepositoryInstitutions. Based in Denver, Colorado, FIMAC specializes in providing creditunions and banks with software focused on risk management andprofitability. The Company's flagship product, Risk Analytics® ALMModel, is recognized throughout the industry with approximately 350placements. 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 unionwith a national field of membership, is a dedicated, not-for-profitfinancial cooperative. Since inception, Corporate America has served as asource of liquidity, correspondent, investments and related educationservices. Product and service additions in recent years include revolvingdemand loans, debit and ATM card services, teller and branch capture andmore. Most recently, Corporate America has begun offering our Super 30account which allows credit unions to earn a higher rate of return whilemaintaining the short-term liquidity of a share account and free ACHservices including origination, receipt and returns. Corporate Americaoperates for the mutual benefit of our membership in serving credit unionsdaily. For more information on these services or to see our excellentrates, log onto our website at www.corpam.org, call 1-800-292-6242, ore-mail lsmith@corpam.org.

Contact:CTA Integrated CommunicationsWarren LairdVice President(303) 665-4200Email Contact


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