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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 – February 20, 2018     

    How does ISI Benefit Y-O-U? Did you know your credit union is an indirect owner of a securities broker/dealer? As a member-owner of Catalyst Corporate, your credit union has indirect ownership of CU Investment Solutions, LLC, a CUSO partially owned by Catalyst Corporate. One Senior Investment Officer explains how your credit union benefits when it chooses to use ISI.

    The Suite Life: Are you “in the know” when it comes to the economy? Subscribe to Catalyst Strategic Solutions’ Economic Suite, which includes periodic economic commentaries, reports, webinars and videos tailored to credit union needs and interests.

    Same-Day ACH Phase 3: Phase 3 of Same-Day ACH takes effect March 16, 2018. This final phase of Same-Day ACH requires posting of all Same-Day debits and credits by 5 p.m. RDFI local time. Email ach@catalystcorp.org or visit Catalyst Corporate’s ACH Central for more information.

    Training and Education Opportunities: ACH Origination with Catalyst Corporate (Feb. 21) and TranZact for the Accounting Department (March 14) and Cash Services (March 21).



Catalyst Connect – February 13, 2018     

    A Tale of Two Corporates’ Collaboration: How do you sustain vendor support for a mature service that remains critical to credit union business operations? This was the dilemma Catalyst Corporate faced with its remote deposit services (RDS). Ultimately, it was also the impetus for establishing a CUSO – TranzCapture, LLC – to support credit unions’ continued need for deposit processing.

    On the Go: It's no secret – smartphones have become an extension of the body. Therefore, it only seems natural to make them an extension of your credit union, too. Catalyst Corporate VP of Sales explains how a full digital mobile banking platform is able to meet members where they are most – on their mobile devices.

    President’s Day: Catalyst Corporate will close Monday, February 19, to observe the holiday. Normal business hours will resume on Tuesday. See Catalyst Corporate’s holiday schedule.

    Upcoming Training Opportunities: Navigating the Catalyst Corporate Website (Feb. 14), ACH Origination with Catalyst Corporate (Feb. 21) and TranZact for the Accounting Department (March 14).



Catalyst Connect – February 6, 2018     



Catalyst Connect – January 30, 2018     



Catalyst Connect – January 23, 2018     



Catalyst Connect – January 16, 2018     

    New Year's Resolutions: As we start tackling our to-do lists for 2018, one remnant of the holiday season remains: New Year resolutions. Catalyst Corporate President and CEO Kathy Garner shares a few of the company’s resolutions, which all aim to help your credit union fulfill its goals!

    A Picture-Perfect Way to Pay Bills: Much of the technology that debuted this holiday season incorporates new and innovative features. However, you don’t need the latest and greatest mobile device to access one of the most beneficial financial features. With Catalyst Corporate's PicturePay, credit union members ;can pay a bill by snapping a picture of it with their smartphone or tablet.

    Questions about Loan Participations? Loan participations present a strong value and can boost and diversify a credit union’s portfolio. This 20-minute video from Catalyst Corporate explores the value of loan participations, policy requirements and how the due diligence process is designed to assist credit unions interested in loan participations.

    Educational Opportunities: Insights & Outlooks (on-demand video of 2018 forecast), ACH Receipt & Returns (Jan. 24), CUBG Commercial & Industrial Lending for Credit Unions (Plano, TX, Feb. 7-8), TranZact Administration – Overview (Feb. 7) and Top 5 Credit Union Investment Sectors for 2018 (Feb. 8).



Catalyst Connect – January 9, 2018     



Catalyst Connect – January 2, 2018     

    Positively Positive in 2018? The United States' 2017 economic performance was generally positive. Will that trend continue in 2018? Catalyst Corporate advisory and ALM experts recorded Insights & Outlooks to help credit unions decipher the implications of the Fed’s recent rate hike and explore various economic factors that may impact credit unions in the new year.

    New Year. New ACH Resources: Need a return reason code quickly? Looking for an important chart? Want a simple laymen's guide to the ACH process and rules? Check out Catalyst Corporate's new easy-to-use tools to simplify everyday ACH operational tasks. Find links for these tools under the "handouts" tab on ACH Central.

    Evaluating the Economy: Economic reports and indicators provide measurements for evaluating the health of the economy, the latest business cycles and consumer behavior. Visit Insights from Catalyst to see the variety of ways Catalyst Corporate's team of experts examined the economy last year.

    January Training Opportunities: Insights & Outlooks (on-demand), TranZact Basic for the User (Jan. 10) and ACH Receipt & Returns (Jan. 24).



Catalyst Connect – December 26, 2017     

    2018 Training Schedule: As 2017 draws to a close, Catalyst Corporate is releasing its preliminary 2018 training calendar. In 2018, Catalyst Corporate will conduct 25 training webinars. Check out the full schedule on the corporate website.

    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.

    Capture My Heart: With February just a heartbeat away, consider participating in Catalyst Corporate's Capture My Heart campaign. This initiative encourages members to draw a heart on checks deposited via Mobile Capture February 7-14, and participants are automatically entered into a drawing to win prizes.

    Happy New Year: Catalyst Corporate will close Monday, January 1, to observe New Year's Day. Normal business hours will resume on Tuesday. See Catalyst Corporate's holiday schedule.

    January Training and Education: Insights & Outlooks (on demand), TranZact Basic for the User (Jan. 10) and ACH Receipt & Returns (Jan. 24).



Catalyst Connect – December 19, 2017     

    A Record Year for Training: In 2017, nearly 4,000 individuals took part in one or more of Catalyst Corporate’s training sessions, marking the highest number of training sessions and attendees in five years. Check out Catalyst Corporate's continued dedication to year-round training and education.

    No. 1 Priority is Member Service: From ACH to adjustments, remote deposit services to research, Catalyst Corporate Member Services representatives find answers to your questions. This department aims to simplify the lives of all members, says Catalyst Corporate Manager of Member Services.

    Insights & Outlooks: Insights & Outlooks, a "fireside chat" on the economy with Catalyst Strategic Solutions advisory and ALM experts, will be available on the corporate website tomorrow, December 20. Topics include implications of last week's FOMC meeting and national and global economic factors that may impact credit unions.

    Season's Greetings from Our Credit Union to Yours: Catalyst Corporate will close Monday, December 25, to observe Christmas Day. Normal business hours will resume on Tuesday. See Catalyst Corporate’s holiday schedule.



Catalyst Connect – December 12, 2017     

    Capture Members' Hearts! February is right around the corner. Credit unions that offer Catalyst Corporate’s Mobile Capture service can plan now to boost member awareness and usage by participating in the annual “Capture My Heart” campaign, which will run February 7-14.

    ACH Advisor is Available: The latest issue of the ACH Advisor, a resource for ACH operational information, is available online. Learn more about Fed Settlements, check out Catalyst Corporate's exclusive new ACH tools and see what NACHA rules require for processing over the holidays.

    Contingency Communications Reminder: Catalyst Corporate will conduct a Contingency Communications exercise tomorrow, December 13, at 10 a.m Central Time.

    December Training: CECL Webinar Series (Dec. 13) and Insights & Outlooks 2018 (Dec. 20).



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).



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