Charleston, SC – March 24, 2021 – Modern Capital Executive Solutions (MCES) announces a new partnership with TCT Risk Solutions. The two organizations have teamed up to help consult Credit Unions on a national scale on safe and sound ways to enhance the P&L and Balance Sheet.
“While establishing ourselves as a preferred alternative investment specialist for credit unions, Modern Capital Executive Solutions has maintained a vision optimizing the industry through customized solutions” said Ryan Millman, Managing Partner. The pandemic has accelerated the need from strictly executive benefits to many other sustainable strategies – and we are excited to work with TCT Risk Solutions to promote these options to their clients and ours.”
MCES, a firm that primarily focused on Key Personnel Retention & Reward Plans, has evolved since the start of the Pandemic, to consult Credit Unions on what is currently most important to them: Financial Stability & Growth. In an economic environment where many Credit Unions have faced a decrease in income and a dramatic increase in deposits; MCES offers strategies to improve the bottom line.
“For over 30 years our focus has been on helping credit unions thrive while providing the best service to their members”, said Randy Thompson, Ph.D. CEO of TCT Risk Solutions. Donna Jensen, Business Development for TCT added “we are excited to have this opportunity to partner with Modern Capital and expand the services delivered to credit unions.”
TCT Risk Solutions, provides tools and consultation that improve the performance and sustainability of credit unions. With an emphasized focus on clearly describing where credit unions are trying to go, TCT analyzes the detail required to complete the journey and the linkages required to get there. The process focuses on the financial analysis required to accomplish client strategic goals, looking at the current balances, yields, trends and income statement components leading to the development of pro-forma financial statements that link the client’s current situation to the path of desired results.
About Modern Capital Executive Solutions
Boston based Modern Capital Executive Solutions provides key personnel retention & reward programs, as well as investment & expense mitigation to the non-profit industry. With 75 years of combined experience the firm uses a back to basics approach – due diligence, compliance and service – that outer performs all others.
About TCT Risk Solutions
TCT Risk Solutions is an Idaho based company that provides online online tools to address: (1) Liquidity, IRR Limits, ALM Simulation, Modeling and Concentration Risk (2) Credit Migration, CECL Compliant ALLL, Early Warning Signs of Loan Impairment and Delinquency Tracking (3) Loan and Deposit Pricing connected to the cost structure of the credit union. Further, their services incorporate consultation and training individualized to the needs of the specific credit union and staff. TCT clients report a ROI from these tools as high as 10 to 1.
Head Of Development
Joint webinar click here