Case Study
Glass City Federal Credit Union Effectively Manages ALM and Deposit Risk
abrigo.com THE CHALLENGE: RUNNING ALM MODEL IS TIME CONSUMING Glass City Federal Credit Union, with about $235 million in assets and between 24,000 and 25,000 members, faced a challenge that is common among smaller but growing credit unions. Glass City Federal, located in Maumee, Ohio, a suburb of Toledo (aka “Glass City” for the glass manufacturers there), had neither the manpower nor the ability to continue dedicating time and resources to properly maintain an asset liability management (ALM) model in house. Executive Vice President David Kramb, who had been using Abrigo’s FARIN Foresight ALM model software to run the ALM model himself since the 1990s, recalls the eye-opening experience of attending a training session with other bank and credit union executives r