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WesCorp adds Thompson loandeposit pricing services

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SAN DIMAS, Calif. (7/7/10)--Western Corporate FCU (WesCorp) members now have access to the CostPro Product Suite through a partnership with Thompson Consulting and Training (TCT). CostPro is a comprehensive suite of tools that provides solutions for asset-liability management in credit unions of all asset sizes. “The CostPro suite takes into account all costs associated from generating loans and deposits,” said Randy Thompson, TCT founder/president. The algorithm “models not only hard costs, but soft costs as well, those known as activity-based costing. These include staff time associated with various activities in the deposit and loan-generation process.” The methodology identifies potential cost savings and improved efficiencies, along with a precise cost basis for loan and share pricing. The tool is generally employed by credit unions on a quarterly basis, TCT said. WesCorp is headquartered in San Dimas, Calif.