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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 11, 2018     

    Tally on Training: As another year comes to a close, so does the 2018 training calendar. This year, more than 1,700 individuals enrolled in Catalyst Corporate educational opportunities. See what training members received and what is new for 2019. 

    Strong Foundations: In 2018, Catalyst Corporate had opportunities to help credit unions improve their bottom lines with operational efficiencies and investment strategies. It also helped some credit union employees to rebuild their lives following disasters that rocked our nation. 

    Contingency Communications: Catalyst Corporate will conduct a Contingency Communications exercise Wednesday, December 12 at 10 a.m Central Time. Be sure to update your Contingency Communications contacts in TranZact.

    December Events and 2019 Calendar: Christmas Day Holiday for Catalyst Corporate and Catalyst Strategic Solutions (Dec. 25). The link includes Catalyst Corporate’s holiday schedule through 2019.



Catalyst Connect – December 4, 2018     

    Be Careful What You Wish For: In 2005, interest rate derivative and bond traders complained about being bored, wishing for more volatility in the rate markets. We got that volatility over the next few years – and then some – and recovery was slow. Volatility is back in most markets. Could this cause the Fed to over-tighten, pushing the economy into a recession?

    No Bond Purchases Tomorrow: With the stock market closed Wednesday, December 5 to observe the national day of mourning for former President George H.W. Bush, Catalyst will be unable to purchase bonds for credit unions. Federal Reserve Bank payment systems will operate normally. No other Catalyst services should be affected.

    Add These Important Dates to Your 2019 Calendar: CU Business Group announces dates and locations for its 2019 National Business Services Conference. Once again, this popular conference is slated for two venues – one in the Northwest and the other in the Southeast.

    Contingency Communications: Catalyst Corporate will conduct a Contingency Communications exercise Wednesday, December 12 at 10 a.m Central Time. Be sure to update your Contingency Communications contacts in TranZact.

    Fall Events and Training: Christmas Day Holiday for Catalyst Corporate and Catalyst Strategic Solutions (Dec. 25). The link includes Catalyst Corporate’s holiday schedule through 2019.



Catalyst Connect – November 27, 2018     

    On the Go! Catalyst Corporate’s Mobile Capture integrates with nearly every mobile banking platform, providing credit union members with a seamless mobile banking experience. Check out 10 ways Mobile Capture can benefit your credit union’s remote deposit process service.

    New Loan Participation Available: If your credit union is looking for a way to manage liquidity, Catalyst Corporate’s Loan Participation Program can help. This established program offers high-quality loan pools and management of the sales cycle from start to finish. See what’s available today!

    You’ve Got Mail: Catalyst Corporate's Q4 2018 SCAN publication will arrive in mailboxes soon, but it's available online now. This edition shares the latest on Catalyst Corporate's partnership with Ripple, cash management trends and more.

    November Events and Training: Navigating the Catalyst Corporate Website (Nov. 28).



Catalyst Connect – November 20, 2018     

    'Tis the Season!: As holiday cards start inundating mailboxes, there’s another type of card you won’t want to overlook – the debit card. The average American will spend $700 on holiday gifts this year, and many will be purchased with debit cards. Protect the accounts connected to those cards with Catalyst Corporate’s CardNav.

    Innovative Online Banking across All Devices: In search of a next-gen digital platform? Catalyst Corporate’s Digital Suite delivers innovation to credit union online banking through all devices. See how a single, state-of-the-art digital platform offers credit unions big advantages like superior usability, ease of maintenance and lower costs.

    Thankful for Our Members: Catalyst Corporate will close Thursday, November 22, to observe Thanksgiving Day. We will open again on Friday, November 23. See Catalyst Corporate’s holiday schedule.

    November Events and Training: Navigating the Catalyst Corporate Website (Nov. 28).



Catalyst Connect – November 13, 2018     

    Info on ISO 20022: The term “ISO 20022” may sound familiar, but since the Fed won't begin implementing it until 2020, researching ISO 20022 doesn’t rank very high on credit union to-do lists. See why Catalyst Corporate's VP, Correspondent Services, says it should.

    Catalyst Corporate's Progress Report: Catalyst Corporate's Q3 2018 Progress Summary is now available online. This quarterly report offers information about membership growth, key performance ratios and the corporate's performance to date.

    Benefits of Derivatives: Derivatives can be powerful interest rate risk management tools for credit unions concerned about their exposure to changing interest rates. In this free, on-demand webinar, Catalyst Corporate experts explain how derivatives work, how to incorporate them into a credit union's ALM framework and what NCUA's regulatory guidance is regarding their use.

    November Events and Training: Deposit Chek® with Catalyst Corporate (Nov. 14) and Navigating the Catalyst Corporate Website (Nov. 28).



Catalyst Connect – November 6, 2018     



Catalyst Connect – October 30, 2018     

    Big Data is a Big Deal: What’s the key to a credit union’s success? Catalyst Corporate VP of ALM Services says, it’s the members. But as credit unions grow and gain more members, it gets harder to know them. What can credit unions do to gain more insights into our members? Two words: BIG DATA.

    Panels Add Insight to Future Forums: Listening to peers talk about their successes (and challenges) is a valuable part of any conference experience. Attendees at Catalyst Corporate’s recent Future Forums heard from their peers on a range of topics – from Artificial Intelligence to Branch Relevancy to Real Estate Lending – during three panel discussions.

    The Heart of a Credit Union: The impact credit unions have on members and communities is evident, but sometimes, a reminder is helpful. This month, as the credit union industry celebrates its 70th International Credit Union Day, a Catalyst Corporate investment officer recognizes the spirit of the credit union movement and reflects on the importance and core values it offers to the underserved.

    November Events and Training: Deposit Capture Research & Accounting (Nov. 7), Deposit Chek® with Catalyst Corporate (Nov. 14) and Navigating the Catalyst Corporate Website (Nov. 28).



Catalyst Connect – October 23, 2018     

    Payments Forum Pays Off! For the first time in its 41-year history, Catalyst Corporate’s Future Forums included two days focused on payments and technology trends. Credit union leaders heard numerous presentations centered around how technologies can benefit credit unions and their members.

    Making Waves with Ripple: Earlier this month at Future Forums, Ryan Gaylor, Director of Corporate Payments at Ripple, described a process that would allow credit unions to provide end-to-end settlement of cross-border payments in minutes, at much lower cost than current methods. The technology already exists, he said, and the wheels are turning in that direction.

    A Look at Cybersecurity in 2018: Cybersecurity dominates many credit union discussions today. With good reason, according to Diana Hennel, Catalyst Corporate Chief Technology Officer. “When credit unions are able to proactively manage the ‘attack lifecycle,’ it helps to prevent or limit the damage to an organization’s IT infrastructure, prevent data loss, and protect a credit union’s reputation,” she says.

    Upcoming Events and Training: ACH Audit Requirements (AAP credit – Oct. 24), Deposit Capture Research & Accounting (Nov. 7) and Deposit Chek​® with Catalyst Corporate (Nov. 14).



Catalyst Connect – October 16, 2018     

    Four Days of Future Forums: Earlier this month, nearly 300 credit union leaders met at Catalyst Corporate’s Future Forums to hear 30+ speakers cover topics from faster payments to global impacts on the local economy… and everything in between. Greg Moore, EVP of member relations, shares some of the highlights.

    What's New With TranzCapture? The TranzCapture CUSO is jointly owned by Catalyst Corporate, Alloya Corporate FCU and Corporate One FCU, thus reinforcing what was already the largest credit union check processor in the nation. In addition to offering credit unions convenience and advanced features through its web-based applications, this short video explains numerous benefits of TranzCapture!

    Oct. 18 is International Credit Union Day! Catalyst Corporate is celebrating International Credit Union Day's platinum anniversary on Oct. 18. Looking back on 70 years, we're thankful for the lives and communities impacted by the principles and actions of this movement. Share an International Credit Union Day message on social media using the hashtag, #PlatinumLiningFound.

    Fall Events and Training: Corporate Checking & Positive Pay (Oct 17), ACH Audit Requirements (Oct. 24), Deposit Capture Research & Accounting (Nov. 7) and Deposit Chek with Catalyst Corporate (Nov. 14).



Catalyst Connect – October 9, 2018     

    Ripple and Catalyst Corporate Join Forces: Credit unions may have access to fast, reliable, cost-effective blockchain payments in the future, thanks to a partnership between Catalyst Corporate and Ripple, the leading enterprise blockchain solutions provider for payments. Catalyst Corporate will explore Ripple’s blockchain solution initially to overcome a number of challenges credit unions and their members face with international wires.

    Last Week at Future Forums… Nearly 300 credit union leaders gathered for Catalyst Corporate’s inaugural Future Forums. Beginning Monday, Oct. 1, credit union professionals heard economic experts from all over the country forecast what they expect from the economy, why they expect those trends to prevail and how to prepare.

    Fed Hike Puts Spotlight on Cash Management: With interest rates on the rise, effective cash management is more important than ever, said Future Forums presenter, David Austin. See how Catalyst Corporate’s Vault View cash management service helps credit unions allocate cash resources strategically to minimize excess, maximize earnings and promote member satisfaction.

    October Events and Training: TranZact Basics for the User (Oct. 10), Corporate Checking & Positive Pay (Oct 17) and ACH Audit Requirements (Oct. 24).



Catalyst Connect – October 2, 2018     



Catalyst Connect – September 25, 2018     

    Same-Day ACH is Expanding: NACHA approved three new Same-Day ACH rules and will begin implementing those rules next year. Catalyst Corporate's VP, Correspondent Services explains how credit unions can prepare for these upcoming changes.

    Pricing Notification Available This Week: Catalyst Corporate's 2019 Service Pricing Guide was emailed to chief executive officers at member and client credit unions earlier this week. The Pricing Guide includes convenient links to product and service summaries on Catalyst Corporate's website. Contact Member Services if you did not receive an email.

    Walk-Ins Welcome! Don't miss Catalyst Corporate's Future Forums at the Omni Frisco, Oct. 1-4. If you didn't get a chance to register ahead of time, walk-ins are welcome! Check out the full line-up and other events at catalystcorp.org/r/forum.

    Fall Events and Education: Share Drafts (Sept. 26) and Future Forums (Oct. 1-4), TranZact Basics for the User (Oct. 10), Corporate Checking & Positive Pay (Oct 17) and ACH Audit Requirements (Oct. 24).



Catalyst Connect – September 18, 2018     

    Catalyst CEO Announces Retirement: Kathy Garner, Catalyst Corporate's President and CEO, will retire in March 2019. The Board of Directors tapped Bruce Fox, the corporate’s current Executive Vice President and Chief Investment Officer, as the new President/CEO upon Garner’s retirement. Read the official announcement on the corporate's website.

    Benefits and Beyond: What do a flat tire, cracked phone screen and full-priced oil change have in common? All these situations can improve with the Catalyst BaZing checking rewards program See why implementing this program was a no-brainer for one Texas-based credit union.

    Happy Birthday, Catalyst! This month, Catalyst Corporate turns seven, and these years have been brimming with challenges, innovations, surprises and growth. President and CEO Kathy Garner highlights seven milestones reached since 2011 in this week's Insights from Catalyst blog.

    There's Still Time: Catalyst Corporate's Future Forums is only two weeks away, but there's still time to register online. Visit catalystcorp.org/r/forum to see the lineup of speakers, special events and registration information. You won't want to miss out!

    Fall Events and Education: CUBG National Business Services Conference (Savannah, GA, Sept. 24-26), Share Drafts (Sept. 26) and Future Forums (Oct. 1-4), TranZact Basics for the User (Oct. 10) and Corporate Checking & Positive Pay (Oct 17).



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