Catalyst News

Liquidity conditions are a pendulum swing of challenges for many credit unions. Prior to 2022, credit unions had ample liquidity due to inflow of funds, and liquidity management mostly involved getting the funds deployed to earn a positive return.

CU Business Group, LLC (CUBG), owned by Catalyst Corporate and six other corporate credit unions, is one CUSO that offers year-round learning opportunities for credit union employees.

In an effort to gauge satisfaction and ensure quality of service, Catalyst Strategic Solutions surveys its Advisory Service clients on an annual basis. Each year, the results are consistently around a 90 NPS and this year is no different.

Dates and details for Catalyst Corporate’s 2023 training webinars are now available. There’s a host of complimentary, industry specific education opportunities so you can have your best year yet!

Credit unions with fiscal years that began January 1 should now be compliant with Current Expected Credit Loss (CECL), the Financial Accounting Standards Board’s new accounting standard for estimating loan losses. For credit unions, CECL takes effect with the fiscal year that begins after December 15, 2022.

As 2023 gets started, take a moment to reflect on last year’s accomplishments and learn more about this year’s strategic plans. Catalyst Corporate’s President/CEO Bruce Fox shares his thoughts on both in the annual Member Update video.

The 2022 survey was sent to 267 credit union contacts in October. Catalyst Strategic Solutions received a total of 69 responses for a response rate of 26 percent. The survey respondents represent credit unions of all sizes.

In a fast-moving hour, a panel of experts from Catalyst Corporate and Catalyst Strategic Solutions touched on a wide range of economic considerations for 2023, including credit union balance sheet strategies, labor market forecasting and an outlook on the financial market.