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Catalyst Connect

Catalyst Corporate’s weekly member newsletter addresses issues of interest to credit unions and provides important updates about Catalyst Corporate services and programs. Articles from recent issues are available by clicking on the titles below.


Catalyst Connect – December 5, 2017     

    Learn from Past, Prepare for Future: Many credit unions have wrapped up strategic planning and are looking forward to a little down time before the hustle and bustle of the New Year. One Catalyst Corporate analyst explains why it’s also a good time to reflect on a few items that may be overlooked when planning for the future.

    Mark Your Calendars… for Catalyst Corporate’s annual Economic Forum! Scheduled for Oct. 1-4, 2018, the expanded format will include a line-up of economists, a deep dive into payments and technology and a new location – the Omni Frisco Hotel in Texas.

    Contingency Reminder: Catalyst Corporate will conduct a Contingency Communication exercise on Wednesday, December 13, at 10 a.m Central Time.

    December Opportunities: Regulation CC Changes (Dec. 6), CECL Webinar Series (Dec. 7 and Dec. 13) and Insights & Outlooks 2018 (Dec. 20).



Catalyst Connect – November 28, 2017     

    Stress Testing for Effective Risk Management: With the holiday season in full force, stress may stem from meals, gift giving and travel. But for credit unions, a stressed balance sheet may occur if risk isn’t managed effectively. Hear Aaron Martini, Manager of ALM Client Services at Catalyst Strategic Solutions, discuss the value of rigorous ALM stress testing to manage risk.

    Holiday Deadline Approaching: It's time to order holiday new currency. The second (and final) ordering period for most vendors begins in early December. For more information, visit "Related Documents" in the Coin & Currency section of TranZact.

    Have You Registered? Catalyst Corporate is teaming up with Crowe Horwath LLP, a public accounting, consulting and technology firm, to present a series of three complimentary CECL webinars beginning tomorrow. This series aims to help credit unions prepare for the new Current Expected Credit Loss (CECL) standard.

    End-of-the-Year Opportunities: CECL Webinar Series (Nov. 29, Dec. 7 and Dec. 13), Regulation CC Changes (Dec. 6), CUBG’s Business Lending Bootcamp (Portland, OR, Dec. 5-6) and Insights & Outlooks 2018 (Dec. 20).



Catalyst Connect – November 21, 2017     

    CECL Webinar Series: Is your credit union ready for the new Current Expected Credit Loss (CECL) standard? Catalyst Corporate is teaming up with Crowe Horwath LLP, a public accounting, consulting and technology firm, to present a series of three complimentary CECL webinars to help credit unions prepare.

    How Can We Serve You? Find out more about our services for member credit unions in the fourth quarter 2017 SCAN publication, arriving in your mailbox this week. It's also available online.

    Insights & Outlooks 2018: Insights & Outlooks is a "fireside chat" on the economy with Catalyst Corporate advisory, ALM and brokerage experts. A video recording will be available on Dec. 20, 2017, and cover the December FOMC meeting and examine national and global economic factors with the potential to impact credit unions.

    Happy Thanksgiving! Catalyst Corporate will close Thursday, November 23, to observe Thanksgiving. Normal business hours will resume on Friday. See Catalyst Corporate’s holiday schedule.

    End-of-the-Year Training and Education: CECL Webinar Series (Nov. 29, Dec. 7 and Dec. 13), Regulation CC Changes (Dec. 6), CUBG’s Business Lending Bootcamp (Portland, OR, Dec. 5-6) and Insights & Outlooks 2018 (Dec. 20).



Catalyst Connect – November 14, 2017     



Catalyst Connect – November 7, 2017     

    Analyzing the Yield Curve: On October 27, the 10-year Treasury closed the week at 2.38 percent, and the 2-year Treasury closed at 1.60 percent. That's a difference of 0.78 percent. As the spread between yields on the 2-year and the 10-year U.S. Treasury notes continues to narrow, one Catalyst Corporate Senior Investment Officer explains what this means for credit unions.

    TranzCapture Enhancements Today: Catalyst Corporate will introduce several new features to the TranzCapture remote deposit services platform today. Please watch your email for important details!

    Security Update Reminder: Catalyst Corporate is committed to protecting member data and ensuring the safety of its communications network. As of February 1, 2018, Catalyst Corporate will discontinue support for older Transport Layer Security (TLS) software versions – TLS 1.0 and TLS 1.1. This action supports enhanced security and prevention of potential vulnerabilities.

    Election Day: Tuesday, November 7 is Election Day in the U.S., and Texas voters will see two credit union-centric ballot measures. Proposition 2 is the first general update to the home equity lending law in 20 years, and Proposition 7 addresses prize-linked accounts at financial institutions.

    Upcoming Training Opportunities: Funds Transfer Services (Nov. 8), Corporate Checking & Positive Pay (Nov. 15), Regulation CC Changes (Dec. 6) and CUBG’s Business Lending Bootcamp (Portland, OR, Dec. 5-6).



Catalyst Connect – October 31, 2017     

    Alleviating Liquidity Stress: A notable trend in the credit union world is the rise – and success – of loan participation programs. At the recent Economic Forum, Catalyst Corporate's VP, Member Credit discussed how loan participation programs may help credit unions as the lending landscape continues to change.

    Harnessing the Power of Deposits: An entire generation only knows extremely low interest rates on loans and near-zero deposit dividend rates. See why Catalyst Strategic Solutions' Manager of ALM Client Services thinks this poses a unique challenge for credit unions, and how to safeguard credit unions from potential funding shortfalls.

    One-Stop Shop for ACH: The latest issue of the ACH Advisor, a resource for ACH operational information, is available online. Learn more about dishonored, corrected and contested returns and what NACHA rules require for processing over the holidays.

    November Training and Education: Funds Transfer Services (Nov. 8) and Corporate Checking & Positive Pay (Nov. 15).



Catalyst Connect – October 24, 2017     

    Risk Management Culture: Risk management is paramount in the financial system, and it’s part of everyone’s job at a credit union, said Catalyst Strategic Solutions’ vice president of investment sales at Catalyst Corporate's Economic Forum earlier this month. Read more insights from his presentation, Developing a Risk Management Culture.”

    Early Warning Q&A: There’s an easy way to reduce theft and protect members from fraudulent checking activity – Early Warning™ Deposit Chek® real-time deposit fraud protection – available for branch, teller, business, mobile, ATM and ITM capture. Got questions? Catalyst Corporate has answers!

    Photo Gallery: Want to see photos from Catalyst Corporate's 40th annual Economic Forum? Visit facebook.com/CatalystCorpFCU and check out the Forum photo album. Be sure to tag yourself and your peers!

    Upcoming Training and Education: ACH Rules - Audit Requirements (Oct. 25), Funds Transfer Service (Nov. 8) and Corporate Checking & Positive Pay (Nov. 15).



Catalyst Connect – October 17, 2017     

    Forty Years of Forum: Earlier this month, more than 250 credit union leaders gathered at Catalyst Corporate's 40th annual Economic Forum. There were a lot of economic insights and forecasts from Wall Street to Main Street, but Catalyst Corporate's EVP of Member Relations says some of the highlights weren't found in the charts or graphs on stage…

    No Recession; No Problem! Without fear of a near-term recession, credit unions can continue to count on strong loan growth – at least according to former CUNA chief economist and Economic Forum fan-favorite, Bill Hampel. Read more economic insights from his presentation.

    The Benefits of SimpliCD: SimpliCD is a Certificate of Deposit Purchasing and Issuing program available through Catalyst Corporate. Catalyst Corporate's investment officer and CD specialist explains some of the ways your credit union may be able to benefit from this service.

    Celebrate International Credit Union Day Oct. 19: International Credit Union Day celebrates the spirit of the global credit union movement, promotes its achievements and recognizes the hard work and shared member experiences. Check out this video from Catalyst Corporate's members wishing YOU a happy International Credit Union Day!

    Fall Training Opportunities: Deposit Chek® Reports on TranZact (Oct 18), ACH Rules - Audit Requirements (Oct. 25), Funds Transfer Service (Nov. 8) and Corporate Checking & Positive Pay (Nov. 15).



Catalyst Connect – October 10, 2017     

    What’s Happening in the Economy? Thomas Siems, assistant vice president at the Federal Reserve Bank of Dallas, presented, “What’s Going on in the Economy? In Search of a One-Handed Economist,” last week at Catalyst Corporate’s Economic Forum. So, how is the Fed doing? “Well, that depends," Siems said. "On the one hand…”

    Only 355 Days to Go… Catalyst Corporate's 40th Annual Economic Forum is in the books, but you'll want a sneak peek now at the 41st annual Economic Forum! From an expanded schedule to a new location and an all-star lineup of speakers; see what awaits October 1-4, 2018.

    ACH Contingency Service: Does your credit union need a contingency ACH provider? See how Catalyst Corporate can serve as an on-demand backup ACH processor when – in situations such as the catastrophic storms last month – a credit union is unable to retrieve ACH receipt files through its Fedline.

    October Training Opportunities: TranZact Basics for the User (Oct. 11), Balance Sheet & Liquidity Management (Oct. 17), Deposit Chek® Reports on TranZact (Oct 18) and ACH Rules - Audit Requirements (Oct. 25).



Catalyst Connect – October 3, 2017     



Catalyst Connect – September 26, 2017     

    Loan Participations Reach $2 Billion: Catalyst Corporate’s Loan Participation Program allows credit unions to diversify their loan portfolios, but also serves as a conduit between credit unions that need liquidity and credit unions that have excess liquidity. See what draws credit unions to this unique program.

    Survey Says...Mobile Payments are No. 1: Catalyst Corporate's technology survey was designed to better understand which technological advancements credit unions deem most important. It's no surprise that mobile payments topped the list. See the other technologies credit unions are exploring and implementing.

    Pricing Notification Available This Week: Catalyst Corporate's 2018 Service Pricing Guide will email to chief executive officers at member and client credit unions this week. The Pricing Guide includes convenient links to product and service summaries on Catalyst Corporate's website.

    Walk-Ins Welcome: Don't miss Catalyst Corporate's 40th annual Economic Forum at the Omni Mandalay Hotel in Las Colinas, Texas, Oct. 2-4. If you didn't get a chance to register ahead of time, walk-ins are welcome!

    Upcoming Training Opportunities: Cash Services (Sept. 27), TranZact Basics for the User (Oct. 11), Balance Sheet & Liquidity Management (Oct. 17), Deposit Chek® Reports on TranZact (Oct 18) and ACH Rules - Audit Requirements (Oct. 25).



Catalyst Connect – September 19, 2017     

    Taxes, Taxes, Taxes: The only two certainties in life are death and taxes, which may explain why many Americans are waiting for a peek at the upcoming tax reform plan. Register for Catalyst Corporate's Economic Forum and hear Jesse Edgerton, an economist at J.P. Morgan, share his insights on this topic as he presents, “An Economic Outlook and Real News on Tax Reform."

    Loans for Sale: Catalyst Corporate's Loan Participation Program connects credit union buyers and sellers interested in participating loans. Utilizing a secure platform, it streamlines the process for buying and selling. Participations offered through this program include pools of member auto loans, mortgages and other consumer loans. See available loans here.

    Six Years Strong! In 2011, Catalyst Corporate was founded with the goal of building a successful partnership with credit unions across the country. As we celebrate our sixth anniversary this month, see what unique elements President/CEO Kathy Garner views as "catalysts" for our actions.

    Upcoming Training and Education: CUBG National Business Services Conference (Reston, VA, Sept. 25), Cash Services (Sept. 27), TranZact Basics for the User (Oct. 11), Balance Sheet & Liquidity Management (Oct. 17), Deposit Chek® Reports on TranZact (Oct 18) and ACH Rules - Audit Requirements (Oct. 25).



Catalyst Connect – September 12, 2017     

    Hurry! Act Now! The early bird discount and special room rates for Catalyst Corporate's 2017 Economic Forum end today, September 12. Have you registered yet? If you need help convincing your boss, Catalyst Corporate has a memo already drafted for your use!

    Security Update: Catalyst Corporate is committed to protecting member data and ensuring the safety of its communications network. As of February 1, 2018, Catalyst Corporate will discontinue support for older Transport Layer Security (TLS) versions – TLS 1.0 and TLS 1.1. This action supports enhanced security, and prevention of potential vulnerabilities.

    Know Your Volatility Indexes: Volatility is commonplace in the stock markets. However, credit unions occupy a different landscape, fixed income securities, investment grade bonds, typically with durations of five years or less. One Catalyst Corporate senior investment officer explains how volatility indexes are used to navigate fixed income risk.

    September Training and Education: Evaluating Mortgage-Backed Securities & Collateralized Mortgage Obligations (Sept. 14), CUBG National Business Services Conference (Reston, VA, Sept. 25) and Cash Services (Sept. 27).



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