Minnesota Credit Union Network (MnCUN) and Deep Future Analytics (DFA) are partnering to make DFA’s Prescient Manager™ software available to MnCUN members. Prescient Manager™ is an easy-to-use, web-based credit risk forecasting and stress testing solution for credit unions and community banks. The software’s functionality includes:
- Accurate, scenario-based, account-level FAS 5 ALLL and CECL forecasts - including discounted cash flow functionality.
- New loan pricing optimization leveraging the same cash flow model as for CECL.
- Scenario-based loan valuations for purchases and sales of loan participations.
Joseph Breeden, founder and CEO of Deep Future Analytics said, “We are excited to be partnering with MnCUN. We share a common vision that our accurate, scenario-based, account level cash flow models can create value across many functions in the credit union. These solutions are integrated and coordinated in a way that a collection of independent models cannot be. MnCUN will be a great partner for bringing this capability to Minnesota credit unions.”
“Deep Future Analytics is a great solution to help Minnesota credit unions manage and anticipate risk. The all-in-one software calculates the necessary lifetime loss forecasts for CECL, and also provides accurate and actionable information for portfolio management, account management, and loan pricing,” said John Ferstl, Chief Operations Officer for MnCUN.