DALLAS (5/7/09)--ALM First Financial Advisors has formed a strategic alliance with Sacher Consulting. The partnership will benefit development of and enhance ALM First’s products and services, the company said in a release Monday. ALM First is an advisory firm for credit unions. Sacher Consulting was launched by Mike Sacher, certified public accountant. ALM First plans to draw from Sacher’s insights to enhance its product areas, such as its Mortgage Servicing Rights program. Recent accounting changes and new compliance standards facing credit unions also make the alliance timely, said the companies. “Accounting pronouncements continue to evolve toward the fair-value model,” Sacher said. “New merger accounting rules will require significant fair-value analysis. ALM First is all about fair value.” In addition to consulting, Sacher was recently a partner in charge of the Los Angeles office of McGladrey and Pullen’s National Credit Union Division, where he oversaw delivery of audit and consulting services to more than 150 credit unions annually.