Catalyst News

The NCUA Board proposed a rule at its October 15 meeting that amends the agency’s derivatives rule to allow more flexibility for federal credit unions to manage their interest rate risk.

At this year’s virtual Economic & Payments Forum, financial industry strategist Jim Marous talked about the importance of credit unions meeting their members’ digital needs. Following Jim’s session, Catalyst Corporate debuted a video highlighting its new mobile person-to-person (P2P) payment solution, PayMōli.

With so much uncertainty hanging over the nation currently, it’s hard to speculate about what lies ahead – nevertheless adequately prepare an investment strategy positioned for unforeseen risks or future growth opportunities. But now is the time to address such things, said Catalyst Corporate Investment Officer John Kirby at last week’s Economic & Payments Forum.

Over the last six months, Catalyst Corporate – along with hundreds of credit unions – participated in the roll out of this innovative, new ACH platform. The journey to ACH innovation is complete, as 600 member credit unions have transitioned to ACHOne.

Faster payments are the future of financial services. However, there are a few deterrents for financial institutions – cost of the opportunity, significant resource (financial and human) commitment, unpredictable financial returns, unknown adoption rates, and uncertainty of regulations or mandates.

Economic forecasting is tricky business. So said Bernard Baumohl as he opened Catalyst Corporate’s annual Economic & Payments Forum on Monday. “The forecast is changing every few days,” said Baumohl, chief global economist at The Economic Outlook Group, “and the virus is still calling the shots.”

More than 650 credit union leaders have registered to attend next week’s virtual Economic & Payments Forum. It is not too late to be part of this event that will provide actionable insights from industry thought leaders and inspirational stories from credit union professionals who have met and overcome challenges.

Stocking stuffers may look a little different this year, as the Federal Reserve has announced that it will suspend winter holiday currency ordering periods in 2020.