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Minnesota Credit Union Network (MnCUN) and Deep Future Analytics (DFA) are partnering to make DFA’s Prescient Manager™ software available to MnCUN members

ST. PAUL, MN (February 19, 2020) — 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.

About Minnesota Credit Union Network

The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth, and vitality of Minnesota credit unions. With over $36 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve 2 million members at 400 branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit mncun.org. The Minnesota Credit Union Network and TruLync also administer prize-linked savings programs for credit unions in Delaware, Georgia, Hawaii, Louisiana, Massachusetts, Montana, New York, New Jersey, Ohio and Wisconsin. To date, the programs provide over 30,000 members the opportunity to win through prize-linked savings accounts, with over $55 million saved. In total, the programs have awarded over $1 million dollars to members of credit unions throughout the nation.

About Deep Future Analytics

Deep Future Analytics is a joint operational venture of Prescient Models, LLC and Nuvision CUSO Holdings, LLC, a CUSO operated by Nuvision FCU.  Dr. Joe Breeden, founder of Prescient Models, brings more than 20 years of experience leading financial institutions through predictive financial modeling, allowing clients to achieve a real understanding of portfolio dynamics for retail lending. Nuvision FCU was founded nearly a century ago as the credit union of Douglas Aircraft, its values were forged in the factories and plants that made the region prosper. Now with assets well-over $2B, Nuvision is a multi-state Credit Union, with branches in Southern California, Arizona, Wyoming, Alaska and Washington. For more information contact Charles Hoy, Director of Business Development, (505) 690-7195, choy@prescientmodels.com.

Contacts

Julia Miller

Director of Communications

Minnesota Credit Union Network

jmiller@mncun.org

(612) 380-1433

www.mncun.org

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