Catalyst News

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. 

Despite a volatile economy in 2022, Catalyst Corporate anticipates ending the year on a  strong financial footing, with a forecast retained earnings ratio of 5%, a leverage ratio of 9.7% and an operating efficiency ratio of 79%. One contributor to a strong financial performance is a solid and actively engaged membership base. Catalyst Corporate welcomed 23 new capitalized members, the largest number in years. 

Some key payment initiatives are rapidly building momentum to handle transactions and settlements for instant payments. Additionally, testing is underway for debit card functionality for the Moli person-to-person payment service which will roll out soon. Stay tuned in 2023. 

The 2022 financial services initiatives also experienced success, including the Subordinated Debt Program and the Loan Participation Exchange, which has sold more than $3.4 billion in loan pools since the program began. 

In 2023, other services nearing rollout are FedNow℠ Service faster payments, a capital planning and balance sheet stress testing service and an online bond trading platform.

Don’t miss this recap of the past 12 months, as well as a glimpse into the future, Catalyst Corporate’s 2022/2023 Member Update video is now available.