IRONDALE, Ala.–Corporate America Credit Union and Visible Equity said they have joined forces to offer CACU’s members a CECL (current expected credit loss) solution through Visible Equity’s analytics software. With its nearly 500-members, CACU said it did extensive research on partners and felt Visible Equity offered the best, most comprehensive option for members to prepare.
Vice President of Strategic Balance Sheet Management Trey Rudder said CACU wanted the best option to have the most positive impact on the membership.
“We know without robust, solid data analytics you can’t implement the most effective CECL process. Visible Equity’s software is top of the line and we know our members will benefit,” Rudder said.
With more than 725 existing credit union clients, Visible Equity has many others products useful to institutions and strives to make the analytics process as simple as possible, according to the company.
"Our clients view us as an extension of their team.We work closely with each institution to ensure that data is implemented quickly and accurately and provides them with the tools and insight to effectively identify, measure and manage the risk in their loan portfolio,”Chief Information Officer/Chief Operations Officer Derrick Wiemer said.
Corporate America members will have access to all Visible Equity’s products including deposit analytics, fair lending analytics, customer/marketing analytics, peer analytics and application analytics