First Empire works with more than 2,000 state and federally chartered credit unions, and our relationship with the industry spans more than 30 years. A deep understanding of the challenges that credit unions are confronted with has shaped our balance sheet-focused approach and has served as the bedrock for a range of specialized services that can help enhance balance sheet performance and mitigate risk.
First Empire Securities offers access to a complete range of fixed income investments from hundreds of dealers throughout the United States, as well as the new issue market. All clients are supported by our Financial Strategies Group, which uses advanced analytics to show how potential investments could impact the balance sheet.
LPC Services helps credit unions enhance the performance of their loan portfolios and mitigate risk on their balance sheets through its loan participation and other specialized programs. They have a national network of buyers and sellers in the auto, residential, member business and credit card sectors.
Balance Sheet Management Services has one of the most comprehensive ALM models in the industry that includes premium reports, such as a core deposit study and liquidity analysis. Every client is supported by a team of financial, regulatory and analytic specialists.
The Office of Regulatory Affairs at Balance Sheet Management Services is staffed with former examiners from the NCUA. They provide a complete range of policy development and examination support services to help credit unions navigate a complex regulatory environment.
Bond accounting offered through Balance Sheet Management Services includes sub-ledger accounting documents, call report investment schedules, yield calculations, market valuations and general ledger entries, among other features.
Pershing offers safekeeping and clearing to First Empire Securities clients on a fully disclosed basis. Safekeeping services also feature Federal Reserve Discount Window support and a cash management sweep program.
Balance Sheet Management Services, Inc., and LPC Services, Inc., are not members of FINRA or SIPC.