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Newsletter Archives

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Catalyst Connect Archives


Catalyst Connect – January 17, 2017     
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Catalyst Connect – January 10, 2017     
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    Blueprint for Success Streaming Live TODAY! Join Catalyst Corporate at 1 p.m. CT Tuesday, Jan. 10 for the fourth annual Blueprint for Success economic outlook. Don't miss a chance to hear predictions for this year's economy, earn CPE credit and ask industry experts your most pressing questions.

    Member Update: This week, Catalyst Corporate CEO Kathy Garner will provide a Fourth Quarter 2016 Member Update, sharing results of financial performance goals and key strategic initiatives, along with highlights for 2017. The Member Update video will be available Thursday, Jan. 12 at www.catalystcorp.org.

    CEOs to Share Leadership Lessons: A panel of credit union CEOs from across the country will share what they’ve learned about inspiring their employees at Catalyst Corporate's Accelerating Success Conference. Register by Jan. 13 for Early Bird pricing!

    Catalyst Corporate Closed Monday: Catalyst Corporate will close Monday, Jan. 16, to observe Dr. Martin Luther King Jr. Holiday. See Catalyst Corporate’s holiday schedule.

    Training Opportunities: TranZact Basics for the User (January 11), ACH Receipt & Returns with Catalyst (January 18) and TranZact Administration(February 8).



Catalyst Connect – January 3, 2017     
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    Interact with Blueprint for Success: Hear predictions for this year's economy AND earn your first CPE credit of 2017 without ever leaving your desk. Catalyst Corporate’s Blueprint for Success will stream live on January 10 at 1 p.m. Central Time. Attendees will have a chance to interact with the speakers.

    What Can We Expect in 2017? The beginning of a new year brings a new administration and a new economic agenda. What does that mean for the economy? Steven Rick, chief economist for CUNA Mutual Group, will share his thoughts during his presentation at Catalyst Corporate’s Accelerating Success Conference next month.

    Catalyst Strategic Solutions Survey Results: Each year, Catalyst Strategic Solutions conducts ALM and Advisory Service surveys to measure client satisfaction levels. Check out the results from the 2016 surveys.

    Upcoming Training and Education: TranZact Basics for the User (January 11) and ACH Receipt & Returns with Catalyst (January 18).



Catalyst Connect – December 27, 2016     
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    Registration Now Open: Register now for Catalyst Corporate’s Blueprint for Success. Designed to provide credit unions with an economic outlook and insights for strategic planning in 2017, the interactive event will stream live January 10 at 1 p.m. Central Time.

    Early Bird Gets the Deal: Start the new year with a little more dough in your pocket. Register for Catalyst Corporate’s Accelerating Success Conference before January 13 and save $75 on the registration fee! And, reserve your room at the Omni National Resort at $199 per night by January 13.

    'Capture My Heart' Coming Soon! Credit union members can show the love in February! For the third year, Catalyst Corporate will offer a Valentine-themed Capture my Heart Campaign to help  credit unions boost member awareness and usage of Mobile Capture services.

    Happy New Year! We have enjoyed working with members in 2016 and look forward to seeing everyone in 2017!

    January Training and Education: TranZact Basics for the User (January 11) and ACH Receipt & Returns with Catalyst (January 18).



Catalyst Connect – December 20, 2016     
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    Save the Date for Blueprint for Success: Blueprint for Success, the first of many financial management educational programs that Catalyst Corporate and Catalyst Strategic Solutions will offer in 2017, will stream live January 10 at 1 p.m. Central Time. The presentation is designed to help credit unions understand how unfolding economic activity may influence strategic planning in 2017.

    Crafting the Ideal Member Experience: How do you market your credit union to members who don’t all fit into the same mold? Kelly McDonald, president of an award-winning advertising and marketing firm, will present strategies to do just that at Catalyst Corporate’s Accelerating Success Conference.

    Closed for the Holidays: Catalyst Corporate will close Monday, December 26 and Monday, January 2, to observe the Christmas and New Year holidays. See Catalyst Corporate’s holiday schedule.

    Upcoming Training Opportunities: TranZact Basics for the User (January 11) and ACH Receipt & Returns with Catalyst (January 18).



Catalyst Connect – December 13, 2016     
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    All TranzCapture Services are Live: TranzCapture, Catalyst Corporate’s new deposit capture service suite is now fully operational. Thirty-six credit unions are already on the Branch Capture service.

    Tee Off with Catalyst Corporate: Still searching for the perfect holiday gift? How about a chance to tee off on one of the premier golf courses in the country? Attendees of Catalyst Corporate’s 2017 Accelerating Success Conference are invited to a golf outing at the Catalina Course at the Omni National Resort in Tucson on February 15.

    Update Your Contacts in TranZact: Catalyst Corporate will conduct a Contingency Communications exercise on Wednesday, December 14 at 10 a.m. Central Time.

    Training and Education Opportunities: TranZact Basics for the User (January 11) and ACH Receipt & Returns with Catalyst (January 18).



Catalyst Connect – December 6, 2016     
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    A Checking With Benefits Road Trip: When you're responsible for marketing a new service to your members, you should know how it works. Prior to launching Catalyst Corporate's Checking with Benefits mobile rewards app, one credit union marketing director took it for a 1,500 mile test drive!

    Take a Credit Union Learning Tour: “You don’t know what you don’t know,” is how Bobby Michael, CEO of Army Aviation Center FCU, explained a “learning journey” that he and executives of four other credit unions took this summer. He will share his experience at Catalyst Corporate's Accelerating Success Conference.

    Calling All Members/Owners: Join us at Catalyst Corporate’s 2017 Annual Meeting, Thursday, February 16, 12 p.m. at the Omni National Resort in Tucson, AZ. The official notice, including the Nominating Committee's slate for board of directors, was mailed to member credit unions last week. The Annual Meeting is scheduled during the Accelerating Success Conference.

    TranZact Corporate Checking Enhancements: On December 7, Catalyst Corporate will introduce several enhancements to its Corporate Checking module in TranZact. Most notable are a streamlined Positive Pay search function, three years of check history and a new Stop Payment report. View Catalyst Corporate's on-demand training for more information on these new features.

    Contingency Communication: Catalyst Corporate will conduct a Contingency Communications exercise on Wednesday, December 14 at 10 a.m. Central Time.



Catalyst Connect – November 29, 2016     
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    2017 Product Training Schedule is Now Online: Registration is open for Catalyst Corporate’s 2017 product training webinars. Topics range from cash services to fraud protection to ACH rules. All webinars are free.

    Staying Relevent – What Credit Unions Need to Know: Today’s most popular mobile apps define the way consumers absorb information, connect with others, manage their finances and get through everyday tasks, said Dave DeFazio at a recent conference. DeFazio will share his insights for competing with big banks in a free encore performance.

    ACH Central Debuts a New Look: Phase 1 of Same-Day ACH is in the books, but Catalyst Corporate's ACH Central is still home to vital information about all things ACH. Check out the redesigned website and the latest ACH Advisor.

    Q4 SCAN is Headed Your Way: Catalyst Corporate's most recent SCAN publication, which highlights the 2017 Accelerating Success Conference, customizable marketing materials and more will arrive in your mailboxes this week. You can also view the Fourth Quarter SCAN online.

    2016 Education and Training: New Features in Positive Pay (Dec. 1) and Loan Portfolio Analytics (Dec. 1).



Catalyst Connect – November 22, 2016     
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    Keeping Up with the Times: The U.S. population is the youngest it’s been in half a century, but the average credit union member has never been older. Jim Kasch, founder of Canidae Consulting and a 20+ year credit union executive, will present his take on this culture shift at Catalyst Corporate’s 2017 Accelerating Success Conference.

    And the Oscar Goes to… Does your credit union offer Checking with Benefits? Check out Catalyst Corporate's new video about this service, and watch as one credit union CFO explains how BaZing has already benefited his credit union – and its members!

    Happy Thanksgiving! Catalyst Corporate will close Thanksgiving Day, Thursday, November 24, and will return to normal business hours Friday, November 25. See Catalyst Corporate’s Holiday Schedule.

    2016 Education and Training: New Features in Positive Pay (Nov. 29), New Features in Positive Pay (Dec. 1) and Loan Portfolio Analytics (Dec. 1).



Catalyst Connect – November 15, 2016     
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Catalyst Connect – November 8, 2016     
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    A First Glimpse at a Post-Election Economy: The United States is electing a new president today! And less than a month after that president is inaugurated, Catalyst Corporate will hold its annual Accelerating Success Conference and examine ways to manage (and embrace) economic change.

    A Big Year for Training! This year has been busy for Catalyst Corporate’s Training Department. Members have accessed over 30 products and services webinars – all free of charge. See what was most popular with members – and what's still in store for the remainder of 2016!

    The Results are In: Catalyst Corporate's Third Quarter 2016 Credit Union CEO Confidence Survey shows that credit union CEOs are feeling less optimistic about their institutions' financial footing…but not bad! Find the complete results here.

    And We’re Off… Catalyst Corporate will be closed for Veterans Day on Friday, November 11 and will return to normal business hours on Monday, November 14. See Catalyst Corporate’s holiday schedule.

    2016 Training Schedule: Deposit Chek Reports on TranZact (Nov. 9), International Services (Nov. 16) and Loan Portfolio Analytics (Dec. 1).



Catalyst Connect – November 1, 2016     
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    Check out the Benefits: Checking with Benefits, a service offered by Catalyst Corporate, can make a credit union's checking accounts more attractive to members and potential members, strengthen member engagement and generate fee income. See how it has helped these members so far.

    TranzCapture to the Rescue! What does a credit union do when a Windows 10 update locks up its branch capture scanner and prevents check deposits from being scanned? Read about two credit unions that used that as an opportunity to transition early onto Catalyst Corporate's new TranzCapture Branch Capture system.

    It’s in the Mail: Your Catalyst Corporate Accelerating Success Conference brochure is arriving any day now! In it, you will find details and registration information on this stellar event at the Omni National Resort in Tucson, Arizona.

    Autumn Training Schedule: Share Drafts and Corporate Checking Services (Nov. 2), Deposit Chek Reports on TranZact (Nov. 9) and International Services (Nov. 16).



Catalyst Connect – October 25, 2016     
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    Catalyst Corporate Q3 Member Update: Catalyst Corporate has had a busy few months! See what we’ve been up to, as well as what's in store for the remainder of the year. And as always, thank YOU for your continued support.

    Ready…Set…Accelerate! The lineup of speakers is set for Catalyst Corporate's Accelerating Success Conference, which will be held at the Omni National Resort in Tucson, Arizona, February 15-17, 2017. Keep your eyes open for the registration brochure, slated to arrive in mailboxes early next month!

    What's on the Economic Horizon? As the economy begins its eighth year of recovery, Bill Hampel, chief economist for Credit Union National Association and a Catalyst Corporate Economic Forum presenter, voices his optimism about improving conditions for credit unions through the end of 2017.

    Autumn Training Schedule: ACH Audit Requirements (Oct. 26), Share Drafts and Corporate Checking Services (Nov. 2), Deposit Chek Reports on TranZact (Nov. 9) and International Services (Nov. 16).



Catalyst Connect – October 18, 2016     
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    Double Check with ALM Validations by Catalyst: Credit union management and board members want assurances that their ALM modeling is sound. Third-party validation can compare and contrast model results to identify areas for improvement. Catalyst Strategic Solutions clients express the value of verifying their ALM processes and results.

    Two Roads Converged… The credit union member experience is currently sitting at the intersection of security and the digital future, explained Randy Harrington at Catalyst Corporate's 39th annual Economic Forum. See why he says it's imperative for credit union leaders to choose both paths, rather than one over the other.

    On Again, Off Again: CardNav is an easy-to-use mobile app that gives members the ability to turn their cards on and off, set controls for card use and receive alerts for certain types of card activity. See what CardNav can do for your members!

    Fall Education Opportunities: Paying Bills with PicturePay (Oct. 18), TranZact Administration (Oct. 19), ACH Audit Requirements (Oct. 26), Share Drafts and Corporate Checking Services (Nov. 2) and Deposit Chek Reports on TranZact (Nov. 9).



Catalyst Connect – October 11, 2016     
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Catalyst Connect – October 4, 2016     
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Catalyst Connect – September 27, 2016     
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    Catalyst Corporate Becomes an Owner of MEMBERS Development Company: Exploring new ways of doing business is critical to providing member credit unions with the products and services they need. As a result, Catalyst Corporate has become an owner of MEMBERS Development Company, which will help enhance and expand member service.

    Pricing Notification Available This Week: Catalyst Corporate's 2017 Service Pricing Guide will be emailed to chief executive officers at all member and client credit unions Wednesday, September 28. The Pricing Guide includes convenient links to information on Catalyst Corporate's website about products and services.

    Save the Date for Accelerating Success: Critical issues facing credit unions will take center stage at Catalyst Corporate’s Accelerating Success Conference, scheduled for February 15-17, 2017 at the Omni National Resort in Tucson, Arizona. More information coming soon!

    Autumn Opportunities: TranZact Basics for the User (Sept. 28), Domestic Wire Transfer Services (Oct. 12), Paying Bills with PicturePay (Oct. 18) and TranZact Administration (Oct. 19).



Catalyst Connect – September 20, 2016     
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Catalyst Connect – September 13, 2016     
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    Don’t Miss Out! $55 can buy a night out on the town, a couple tanks of gas or some scary Halloween decorations! Register for Catalyst Corporate's Economic Forum today – the last day for early-bird pricing – and save $55! Don't wait – this price expires at midnight!

    Fostering a Culture of Innovation: Catalyst Innovation Groups, which are based on Filene Institute's “human-centered design” model, use a multi-layered approach to glean insights and ideas. How have these groups been helping member credit unions? Take a look for yourself!

    Three Cheers for Marketing that Delivers: Two heads are better than one... especially when they deliver six great new Checking with Benefits campaigns. See what Catalyst Corporate and the Cornerstone Marketing Council have been working on together.

    Contingency Communications: Catalyst Corporate will conduct a Contingency Communications exercise tomorrow, September 14 at 10 a.m. Central Time.

    Fall Education: TranZact Basics for the User (Sept. 28), Domestic Wire Transfer Services (Oct. 12), Paying Bills with PicturePay (Oct. 18) and TranZact Administration (Oct. 19).



Catalyst Connect – September 6, 2016     
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    Happy Birthday to Us! Catalyst Corporate Federal Credit Union turns five this week! Here’s a high-five for half a decade and a look at some of the corporate's activities since its last anniversary.

    Catalyst Loan Participations Near $1 Billion: Since launching in 2014, Catalyst Corporate's loan participation program has helped nearly 100 credit unions buy and sell almost $1 billion in loans. Read more about this milestone achievement.

    Early Bird Deadline is Approaching: Have you registered for Catalyst Corporate's Economic Forum yet? A discounted Early Bird registration rate is available through September 13. Check out these five reasons why Forum shouldn't be missed!

    Contingency Communications: Catalyst Corporate will conduct a Contingency Communications exercise on Wednesday, September 14 at 10:00 a.m. Central Time.

    September Education: Analyzing Business Loans (CU Business Group) (Sept. 7-8), Cash Management Services (Sept. 7) and TranZact Basics for the User (Sept. 28).



Catalyst Connect – August 30, 2016     
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Catalyst Connect – August 23, 2016     
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Catalyst Connect – August 16, 2016     
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Catalyst Connect – August 9, 2016     
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Catalyst Connect – August 2, 2016     
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Catalyst Connect – July 26, 2016     
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Catalyst Connect – July 19, 2016     
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    Registration is Open: Registration for the 39th annual Economic Forum is open. Adam Davidson, host of NPR’s Planet Money, and Evan Koenig, senior vice president and chief policy advisor of the Federal Reserve Bank of Dallas are just two of the speakers in an impressive line-up of economic and financial industry presenters. Read more.

    Catalyst Corporate's Mid-Year Progress and Plans: What has Catalyst Corporate accomplished so far in 2016? This question and more are addressed in Catalyst Corporate’s seven-minute, “Member Update – Mid-year 2016” video. Read more.

    "What If" ALM Introduces Instant Answers: On any given day, we face thousands of questions; some we can answer, and some we can’t. For credit unions participating in Catalyst Corporate’s ALM Services, answering “what if” is getting a lot easier – and a lot faster. Read more.

    Summer Training: TranZact for the Accounting Department (July 20),  ALM as Business Strategy (July 21), ACH Risk Management (July 27), CUBG 2016 National Business Services Conference - West (Aug. 8-10) and Strategic Solutions Institute - Balance Sheet Management Series (Aug. 11).



Catalyst Connect – July 12, 2016     
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    The Results are In: Catalyst Corporate is announcing strong results from its 2016 annual member survey, including achievement of another high net promoter score (NPS). Read more.

    Will the Flat-Rate Environment Flatten You, Too? Join Catalyst Strategic Solutions experts on Wednesday, July 13, as they present a mid-year economic update, addressing the current flat-rate environment, along with loan growth, liquidity, credit risk, investments and regulatory concerns. Read more.

    Energy: Will the Economy Have Enough? Dr. Ray Perryman, president and CEO of The Perryman Group, a Texas-based economic research and analysis firm, will answer that question at Catalyst Corporate's 39th annual Economic Forum. Read more.

    ACH Transition Reminder: Credit unions processing ACH receipts through Catalyst Corporate will need to transition from receiving a single consolidated ACH receipt file daily to receiving multiple files per day. Transitions are scheduled for August; credit unions were emailed their transition date on June 15. If you have questions, email ach@catalystcorp.org or visit ACH Central.

    July Webinars: ACH Receipt & Returns with Catalyst (July 13), Paying Bills with PicturePay (July 19), TranZact for the Accounting Department (July 20),  ALM as Business Strategy (July 21) and  ACH Risk Management (July 27).



Catalyst Connect – July 5, 2016     
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    NPR Economics/Business Journalist Joins Forum Line-Up: Adam Davidson, an award-winning journalist and host of NPR’s “Planet Money” radio program, has joined the line-up of economists and thought leaders delivering presentations at the 39th annual Economic Forum. Read more.

    National Business Services Conference Explores New MBL Rules: In January 2017, new rules take effect that expand federally-insured credit unions' ability to make member business loans. What new opportunities and responsibilities do the rules create for credit unions? Read more.

    ALM Webinar Series Draws Crowd: More than 250 people registered to take part in Strategic Solutions Institute’s ALM Series. If you weren’t one of them, it’s not too late!  Read more.

    July Training: Mastering ALM Reports (July 7), ACH Receipt & Returns with Catalyst (July 13), Paying Bills with PicturePay (July 19), TranZact for the Accounting Department (July 20) and ALM as Business Strategy (July 21).


     



Catalyst Connect – June 28, 2016     
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    NEV Supervisory Test to Establish Risk Classifications: The National Credit Union Administration Office of Examinations and Insurance has introduced a new standardized “NEV Supervisory Test” that will be phased in over the next six months. Read more.

    Economist Ray Perryman Joins Economic Forum Line-Up: Dr. Ray Perryman, president and CEO of The Perryman Group, a Texas-based economic research and analysis firm, has joined the line-up of well-regarded experts who will present at the 39th annual Economic Forum.  Read more.

    How Not to Flatline in a Flat-Rate Environment: As the first six months of 2016 have peeled by, this year’s economy is proving to be a continuation of the “new normal” – with slow growth, low inflation and continued high monetary stimulus.  Read more.

    Red, White and Blue: Catalyst Corporate will celebrate the Independence Day holiday on Monday, July 4 and return to normal business hours on Tuesday, July 5. See Catalyst Corporate's 2016 holiday schedule  here.

    Summer Education: Mastering ALM Reports (July 7), ACH Receipt & Returns with Catalyst (July 13), Paying Bills with PicturePay (July 19), TranZact for the Accounting Department (July 20) and ALM as Business Strategy (July 21).


     



Catalyst Connect – June 21, 2016     
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    Interest Rate Derivatives – A Powerful Risk Management Tool: Interest rate derivatives can be an exceptionally powerful tool for credit unions wanting additional options for managing interest rate risk. Read more.

    Eight Tips for Reducing Fraud Risk with Wire Transfers: Behind checks, wire transfers are the second most popular vehicle for payments fraud, according to the 2016 Payments Fraud & Control Survey.  Learn more.

    A New Direction for the Economy? With a presidential election looming, many economic predictions for the second half of 2016 have been put on hold. Read more.

    Training Opportunities: Domestic Wire Transfer Services (June 22), Asset/Liability Management – An Orientation (June 23), Mastering ALM Reports (July 7) and ACH Receipt & Returns with Catalyst (July 13).


     



Catalyst Connect – June 14, 2016     
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    Ramirez Appointed to Catalyst Corporate Supervisory Committee: Robert D. Ramirez, President and CEO of Vantage West Credit Union, has been appointed to Catalyst Corporate’s Supervisory Committee. Read more.

    Is Your Credit Union Ready for Same-Day ACH? To be sure, credit unions using Catalyst Corporate ACH Services can now get help from two new resources directed toward ACH professionals – ACH Advisor, an operations-oriented email communication with updates and reminders of critical importance, and ACH Central, a dedicated microsite that serves as an information clearinghouse for all things ACH. Learn more.

    Trends Provide Cues for Effective Portfolio Management: Effective investment portfolio managers stay abreast of industry trends and patterns. To keep portfolio managers "in the know," Catalyst Strategic Solutions recently hosted "Portfolio Management Trends," a webinar focused on taking portfolio management cues from four types of trends. Read more.

    Connecting with Business Members: Credit unions are known for being really good at certain things. One area of improvement for many credit unions, however, is capturing larger business relationships.  Read more.

    Invest in Education (for Free): TranZact Basics for the User (June 15), Domestic Wire Transfer Services (June 22), Asset/Liability Management – An Orientation (June 23), and Mastering ALM Reports (July 7).


     



Catalyst Connect – June 7, 2016     
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    Reduce Fraud – Manage Debit Cards with CardNav: Catalyst Corporate is introducing CardNav, an enhancement to its debit/ATM card program that provides high-demand benefits to both credit unions and their members. Read more.

    Catalyst Corporate to Begin TranzCapture Pilot: On the heels of announcing its new TranzCapture remote deposit services platform, Catalyst Corporate has selected half a dozen credit unions to begin testing this summer. Read more.

    Shared Loan Pools Help Credit Unions Manage Liquidity and Risk: It's Global Sharing Week! Credit unions are great at sharing, and Catalyst Corporate’s Agent Loan Participation Program provides a fine example. Read more.

    Contingency Communications Exercise Tomorrow: Catalyst Corporate will conduct a Contingency Communications exercise on Wednesday, June 8 at 10 a.m. Central Time. Read more

    June Education: TranZact Basics for the User (June 15), Domestic Wire Transfer Services (June 22) and Asset/Liability Management – An Orientation (June 23).



Catalyst Connect – May 31, 2016     
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    New Election = New Direction: As the country prepares to move in a new direction this November, Catalyst Corporate is preparing for its New Direction-themed Economic Forum a month earlier. Read more.

    Second Quarter 2016 SCAN: Catalyst Corporate's Second Quarter 2016 SCAN publication will mail this week. Among the topics, this edition includes information about TranzCapture, Catalyst Corporate's new remote deposit services platform that is under development, as well as steps credit unions should take to prepare for Same-Day ACH. The issue is also posted online here.

    Will Critical Communications Reach You? Catalyst Corporate will conduct a Contingency Communications exercise on Wednesday, June 8 at 10 a.m. Central Time. Read more

    Webinars in June: TranZact Basics for the User (June 15), Domestic Wire Transfer Services (June 22) and Asset/Liability Management – An Orientation (June 23).



Catalyst Connect – May 24, 2016     
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    ACH Receipt Credit Unions Move Toward Multiple Files for Same-Day ACH: More than 400 people from 284 credit unions attended one of Catalyst Corporate’s three recent Same-Day ACH webinars. The one-hour webinar covered topics such as: important dates; eligible transactions; new origination/receipt file schedules and return deadlines; risk considerations and more. Read more.

    Inside Secrets of Business Lending – Lines of Credit (Collateral): Lines of credit are an important product to offer business members. They tend to be complex, however, and if lines of credit are not managed properly, members can get into hot water. Read more.

    First Quarter Due Diligence Report: Catalyst Corporate's Due Diligence Report provides members information on the corporate's safety and soundness, financial performance, regulatory compliance and investment activity. This edition's "Current Issue" explains how credit unions can prepare for Same-Day ACH. View the report, along with other due diligence information, here

    Learn Something New: TranZact Administration (May 25),Interest Rate Derivatives (May 26) and TranZact Basics for the User (June 15).



Catalyst Connect – May 17, 2016     
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    Economic Conditions Facing Credit Unions: Approaching the halfway point of 2016, many wonder what the rest of the year – and even 2017 – will look like. Will the Fed increase interest rates? (Perhaps, slightly.) Will job growth continue? (Probably.) Will the U.S. economy continue to improve? (It sure looks that way!) Read more.

    Loan Growth and Earnings: Buoy for Credit Union CEO Confidence? Catalyst Corporate's Credit Union CEO Confidence Index, which had decreased the final two quarters of 2015, increased moderately the first quarter of 2016. The Index now stands at 30.41, up from 27.02 in the previous survey. Read more.

    Update Your Credit Union’s Asset Management Strategy: Credit union investment portfolios have changed over the past 10 years as credit unions adjusted to an unprecedented low interest rate environment, squeezed net interest margins and changes in liquidity profiles. Read more

    Credit Union Training: Deposit Chek Reports on TranZact (May 18), TranZact Administration (May 25) and Interest Rate Derivatives (May 26).



Catalyst Connect – May 10, 2016     
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    Next-Gen RDS Platform to Deliver New Technology and Efficiencies: During its Annual Meeting last week, Catalyst Corporate announced the development of TranzCapture, a new platform of remote deposit services, specially designed for credit unions. Read more.

    Four Elected to Catalyst Corporate Board of Directors: At the Annual Meeting May 5, four members were re-elected to three-year terms on Catalyst Corporate's Board of Directors. Read more.

    How to Choose the Right ALM Model: ALM modeling helps credit unions quantify the level of risk inherent in their balance sheets. Wading in the waters of ALM models, however, can sometimes be more confusing than insightful. Read more

    'Purpose of Payment' Field Added to Wire Requests: A new “Purpose of Payment” field has been added to wire transfer requests in TranZact to reduce the risk of wires being returned. Read more

    Webinars This Month: Share Drafts and Corporate Checking Services (May 11), Deposit Chek Reports on TranZact (May 18), TranZact Administration (May 25) and Interest Rate Derivatives (May 26).



Catalyst Connect – May 3, 2016     
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    Sallie Mae Student Loan Program Q&A: Catalyst Corporate, in partnership with Sallie Mae®, provides credit unions with a private student loan referral program for college expenses not covered by scholarships and federal loans. In a recent webinar, Ryan Pyle, senior relationship manager at Sallie Mae, presented an overview of the program and answered questions from credit unions. Read more.

    Same-Day ACH Webinars Continue this Week: "If a credit union is closed on a holiday, but the Federal Reserve is open, is the credit union obligated to process Same-Day ACH transactions?" This is a sample of the questions asked at one of Catalyst Corporate's Same-Day ACH webinars. Read more or register for the last webinar – scheduled for tomorrow – under Learning Center/Services Training at www.catalystcorp.org.

    TranZact Wire Enhancements Boost Efficiency and Security: Catalyst Corporate recently introduced a couple of enhancements within the Funds Transfer section of TranZact. Read more

    Upcoming Educational Opportunities: Same-Day ACH (May 4), Share Drafts and Corporate Checking Services (May 11), Deposit Chek Reports on TranZact (May 18), TranZact Administration (May 25) and Interest Rate Derivatives (May 26).



Catalyst Connect – April 26, 2016     
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    Leaning into Economic Headwinds: “Too slow for too long” is the tagline used in the International Monetary Fund’s April World Economic Outlook. It's also one of the economic challenges... Read more.

    Same-Day ACH Webinars Begin Thursday: How will the new ACH Rule affect your credit union? Find out at one of three important webinars, beginning this week. Read more.

    2015 Annual Report and Audited Financials: Member credit unions unable to attend Catalyst Corporate's annual meeting in Las Vegas next week can find Catalyst Corporate's 2015 Annual Report and Audited Financials here.

    Your Opinion Matters Twice as Much this Week: Two important Catalyst Corporate surveys wrap up this week. If you haven't done so already, voice your opinions in the Member Survey here and in the Credit Union CEO Confidence Survey here.

    Training On the Horizon: ACH Returns & Exception Processing (April 27), Same-Day ACH (April 28, May 3 & 4), Student Loan Program Overview (April 28), Share Drafts and Corporate Checking Services (May 11), Deposit Chek Reports on TranZact (May 18) and TranZact Administration (May 25).


Contact Catalyst Corporate if you are looking for an older issue of [Connect/SCAN/Behind the Numbers].


SCAN Archives


SCAN Fourth Quarter 2016
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SCAN Third Quarter 2016
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SCAN Second Quarter 2016
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Contact Catalyst Corporate if you are looking for an older issue of [Connect/SCAN/Behind the Numbers].


Behind the Numbers Archives


Behind the Numbers – January 20, 2017
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Has Inflation Made Its Debut? – Could it be the Federal Reserve found its crystal ball? In December, the Federal Reserve acknowledged that inflation was moving closer toward their target as one reason for increasing the short-term interest rate. Lo and behold, consumer prices posted their largest annual...


Behind the Numbers – January 13, 2017
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The Effect of the Big Red Bows – The first tally of how successful retailers were during the prime holiday shopping months was revealed in the Commerce Department's December retail sales report. Total sales rose 0.6 percent in December, and increased 0.2 percent in November, double the original...


Behind the Numbers – January 6, 2017
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Starting the Year with JOBS – The job market finished 2016 on a strong note. During December, 156,000 jobs were added, bringing the total number of jobs gained in 2016 to 2.17 million. This was the sixth consecutive year the U.S. added over two million jobs. The unemployment rate edged up a tenth of...


Behind the Numbers – December 30, 2016
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What a Year! – As this is the last weekly economic report for the year, it seems appropriate to give a year-end wrap up in 200 words or less. 2016 will be remembered as a year that kept us on our toes. The year began with expectations for at least two, if not three rate increases, only to...


Behind the Numbers – December 16, 2016
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A Vote of Confidence – Finally, we got what we expected – a 25 basis point increase in the federal funds rate. The Federal Open Market Committee voted unanimously to increase the target lending rate to a range between 0.50 to 0.75 percent. During the press conference following the FOMC...


Behind the Numbers – December 9, 2016
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All the Noise Came from Stocks – This week did not provide any significant market-moving data, just several reports that help fill in the economic puzzle. The real story this week was yet another series of record-breaking closes in the stock market. The three key stock indices reached new highs many times this...


Behind the Numbers – December 2, 2016
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Unemployment is Lowest in Nine Years – You saw it here first. This is a how your local media will report the latest news from the Labor Department: the unemployment rate fell to 4.6 percent in November, the lowest rate since August 2007. The household measure comes from twice as many people leaving the...


Behind the Numbers – November 18, 2016
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What no one expected – What a wild few weeks it has been. The long-awaited presidential elections sent a resounding wake-up call to the financial markets. To everyone’s surprise, the stock market and bond yields...


Behind the Numbers – November 4, 2016
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Not This Time...Again – Just as we expected, the Federal Open Market Committee (FOMC) voted this week to keep the benchmark lending rate unchanged. The Committee voted 8-2 in favor of waiting for some further evidence that brings the economy more in line with their objectives.


Behind the Numbers – October 28, 2016
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Growth Doubled, but Is It Enough? – The U.S. economy grew 2.9 percent in the third quarter, more than double the growth rate during the second quarter and even better than expectations. The average growth rate for year-to-date 2016 is 1.7 percent, the lowest rate and the first time below 2.0 percent...


Behind the Numbers – October 21, 2016
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Do we Have a Consensus on Inflation? – Two indices that have not always moved in the same direction aligned in September, which should bring smiles to the faces of all the Federal Reserve decision-makers. The consumer price index (CPI) rose 0.3 percent in September, matching the increase in...


Behind the Numbers – October 14, 2016
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The Debates Continue – Don’t worry, I am not referring to the presidential debates. But, what went on behind closed doors at the September Federal Open Market Committee meeting may have been equally as exciting as what we have witnessed on TV lately. The minutes from the latest FOMC meeting...


Behind the Numbers – October 7, 2016
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Job Market is "Solid" – The U.S. added 156,000 jobs in September, and the unemployment rate moved higher to 5.0 percent. These are the headline statistics the media outlets will repeat today and tomorrow. However, the underlying details are just as important in understanding the bigger...


Behind the Numbers – September 30, 2016
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Could a Decline Be Good for Housing? – Sales of new homes fell 7.6 percent in August to an annualized pace of 609,000. The slowdown came after sales reached the highest pace in July since 2007. While the August pace was considerably slower, the annualized pace of purchases for 2016 remains well above the...


Behind the Numbers – September 23, 2016
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The Waiting Game Continues – Once again, we continue to wait, although what we are waiting for is becoming increasingly unclear. The Federal Open Market Committee (FOMC) voted seven to three in favor of waiting to increase the target range for the federal funds rate, at least for the time being....


Behind the Numbers – September 16, 2016
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From Complacent to Volatile in a Day – Nothing like going from quiet and boring to wild and woolly. The lack of volatility that traders had been complaining about in August turned on a dime early in September. The three key stock indices fell close to two percent in one day, the Dow Index experienced triple digit up...


Behind the Numbers – September 9, 2016
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Turnaround in Supply Management Surveys – It doesn’t take much to unnerve the bond market, especially a market already fragile from weak economic data. Coming on the heels of a disappointing August job report, the ISM non-manufacturing report was the straw that broke the camel’s back mid-week. The service...


Behind the Numbers – August 26, 2016
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Housing Data Continues to Confuse – The data this week reflects two very different sides of the housing market. New home sales surged 12.4 percent in July and 31.3 percent from a year ago. The annualized rate of homes sold, 654,000, was the highest level since 2007. The median price of a new home fell 0.5...


Behind the Numbers – August 19, 2016
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What the Fed was Really Saying – We know the Federal Open Market Committee voted to keep the target short-term rate unchanged in July. We know they shifted from a "risks are balanced" to a "risks diminished" outlook. This week’s release of the meeting minutes, however, gave us more insight into what...


Behind the Numbers – August 5, 2016
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Jobs Jump in July – Employers added 255,000 jobs in July. This was much stronger than the 170,000 jobs economists were expecting. Revisions for the past two months added another 18,000 jobs to the total. The three-month average job growth is 190,000. Mining was the only major sector...


Behind the Numbers – July 29, 2016
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The Fed Keeps Us Waiting – The Federal Reserve voted to keep the target federal funds rate at 0.25 to 0.50 percent during this week’s Federal Open Market Committee (FOMC) meeting. The decision was fully expected. Unlike last month’s unanimous vote to keep rates unchanged, this vote...


Behind the Numbers – July 22, 2016
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Housing Struggling to Maintain Firm Footing – The most recent housing data portrays an industry that continues to make progress but at a slow, inconsistent pace. Existing home sales rose 1.1 percent to the highest pace since 2007 and are up 1.9 percent from a year ago. Despite the encouraging report, industry...


Behind the Numbers – July 15, 2016
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Ca-Ching - We Are Shopping Again! – Retail sales exploded in June, surpassing even the highest estimates. Sales surged 0.6 percent from a revised 0.2 percent level in May. Even with the downward revision for May, the average monthly sales rate for the second quarter is the highest since third quarter 2012. Eleven...


Behind the Numbers – July 8, 2016
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Jobs Rebound in June – Rebound is an understatement, if you believe the data. U.S. employers added 287,000 jobs in June. This follows a downward revision for May to 11,000 jobs from the previously reported increase of 38,000 jobs. The data collection appears flawed to create such a dramatic...


Behind the Numbers – June 24, 2016
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Brexit Vote Takes Away Our Uncertainty – The historical Brexit vote has thrown global financial markets into disarray, to say the least. The vote of 52 percent to 48 percent was a shock felt around the world. Global stock markets plunged in value, gold rose to a two-year high, oil prices tumbled, the pound fell to a...


Behind the Numbers – June 17, 2016
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Now We Know What the Fed is Thinking – After weeks of waiting, the two-day FOMC meeting took place and clued us into their thought process. Committee members voted to keep the target lending rate unchanged. That was not a surprise. What was a surprise was the extent the committee lowered its projections for...


Behind the Numbers – June 10, 2016
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It's All About the Fed - Again – The second week of each month is usually light for economic data releases. With little new news, the attention this week turned, once again, toward the Federal Reserve and their next move. The much-anticipated Federal Open Market Committee meeting is scheduled for...


Behind the Numbers – June 3, 2016
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Just When You Think Everything is Okay – Talk about a surprise – the May job report contained much shocking data and none of it to the upside. According to the Labor Department, the U.S. added just 38,000 jobs in May, well below the estimated addition of 160,000 jobs. This was the lowest monthly gain since 2010...


Behind the Numbers – May 20, 2016
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Finally... the Surprise We Needed – You sometimes get what you've been asking for when you least expect it. Such was the case this week with the April FOMC minutes. Release of the official discussions between committee members is usually just routine, old information. Not this time. The April minutes...


Behind the Numbers – May 13, 2016
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Retail Sales Shift to Higher Gear – The consumer appears to have finally found the shopping bug again. After three months of disappointing activity, retail sales exploded in April with a gain of 1.3 percent. This was the largest monthly increase since March 2015. Even more impressive was the 0.9 percent...


Behind the Numbers – May 6, 2016
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Job Growth Takes Vacation in April – It was only a matter of time before we had a weak job report. After two months of strong job gains above 200,000, the labor market increased by only 160,000 jobs in April. This was the lowest monthly addition of jobs since September – well below economists'...


Behind the Numbers – April 29, 2016
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No Change This Month – The Federal Open Market Committee voted to keep the benchmark short-term interest rate range unchanged at 0.25 percent to 0.50 percent. No surprise there. Most analysts believe the Fed has left the door open for a possible rate move at the June meeting. The press...

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