Catalyst Connect

  • Catalyst Connect - October 19, 2021

    Funding Agent Solution for The Clearing House RTP Network is Now Live: Catalyst Corporate announces its Funding Agent Service is now live for credit unions on the RTP® network, the real-time payments system from The Clearing House. Catalyst’s Funding Agent Service facilitates comprehensive 24/7/365 funding management for credit unions on the RTP network.

    Selfie-less Contributions Draw Support for Hurricane Ida Relief: 
    By snapping a selfie and sharing it to Catalyst Corporate's Facebook page, attendees at the recent Economic & Payments Forum helped raise $1,000 for the Louisiana Credit Union Foundation's Hurricane Ida relief efforts. Thank you to all the participants who helped bring together this donation! 

    Here's to the 73rd International Credit Union Day! 
    Celebrated every third Thursday of October since 1948, International Credit Union Day recognizes the credit union movement's history, promotes its achievements, and shares member experiences. How will your credit union celebrate this year?

    Training Webinars: 
    ACH Audit Requirements (October 20, Eligible for APP credits), ECCHO - Unauthorized Checks and Timely Returns (October 26), Share Draft Processing (October 27), ECCHO - Presumption of Alteration (October 28), ACHOne Receipt (November 3), ECCHO – Indorsement Claims (November 10) and ECCHO – Warranty Breaches and 'Dealing Direct' (November 16).

  • Catalyst Connect - October 12, 2021

    A Few Reasons Why Treasury Bond Yields are Still Low: The most recent U.S. inflation figure reported for the last 12 months was 5.3 percent, the highest level in 13 years. Surprisingly, inflation has not been more than three percent since 2011. The question is why do bond investors willingly accept lower bond yields when projections abound for higher inflation and strong economic growth?

    Forum 2021 – Peterson Urges Credit Unions to Watch Cost of Funds: Credit unions will continue to face pressure on interest margins, primarily because of low interest rates, slower loan growth and downward pricing of existing loans, Casey Peterson told attendees at last month’s Economic & Payments Forum. Learn more

    TrueChecks Combats Check Fraud with Real-Time Alerts: New check fraud tactics, bolstered by access to new technologies, have made fake checks cheaper and easier to produce. But now, Advanced Fraud Solutions’ TrueChecks® – offered by Catalyst Corporate – can help. 

    Training Webinars: ACH Audit Requirements (October 20, Eligible for AAP credits), ECCHO - Unauthorized Checks and Timely Returns (October 26), Share Draft Processing (October 27), ECCHO - Presumption of Alteration (October 28), ACHOne Receipt (November 3) and ECCHO – Warranty Breaches and 'Dealing Direct' (November 16).

  • Catalyst Connect - October 5, 2021

    Understanding the Three Components of LP Seller Due Diligence: Comprehensive due diligence on the loan originator, seller and servicer is an essential ingredient for success in any loan participation purchase. Here's what you need to know

    Becoming Part of ‘Faster Payments Chain’ Crucial Amidst Digital Shift: A “tsunami” of change, brought about by conditions during the COVID-19 pandemic, has caused consumers to flock to digital engagement channels, Eric Dotson told attendees at Catalyst Corporate’s recent Economic & Payments Forum.

    Pricing Notification Now Available: Catalyst Corporate's 2022 Service Pricing Guide was emailed to chief executive officers at member and client credit unions last Thursday, September 30. The Pricing Guide includes convenient links to product and service summaries on Catalyst Corporate's website. Contact Member Services if you did not receive this email.

    How is Columbus’ Ship like Black Friday? ...They’re both driven by sails! A friendly reminder, Catalyst Corporate will be closed Monday, October 11 to observe Columbus Day.

    Training Webinars: ACHOne Administration (October 6), ACH Audit Requirements (October 20, Eligible for AAP credits), ECCHO - Unauthorized Checks and Timely Returns (October 26), Share Draft Processing (October 27), ECCHO - Presumption of Alteration (October 28) and ACHOne Receipt (November 3).

  • Catalyst Connect - September 28, 2021

    Labor Market ‘Weirdness’ a Byproduct of Abundant Opportunity: Across the country, some 320,000 people work for credit unions now. But will we be able to find the workers we want in the coming months? That could be a challenge, according to Betsey Stevenson, a well-regarded labor economist who presented at Catalyst Corporate’s Economic & Payments Forum last week.

    LIBOR Sunset & a SOFR Horizon – What Lies Ahead? 
    Night fades to morning, morning turns to night. With each passing day comes change – a constant cycle that also holds true in the world of investments. As you may know, the London Interbank Offered Rate is being phased out in the U.S. and replaced with a new benchmark rate, the Secured Overnight Financing Rate. Here’s what you need to know.

    Federal Reserve Suspends Holiday Currency Ordering Period: 
    For the second year in a row, the Federal Reserve has announced it will suspend winter holiday currency ordering periods. The Fed indicated that increased demand for currency during the pandemic has contributed to this year's decision. Learn more.

    Training Webinars: 
    Savings Bond Redemption & Deposit (September 30), ACHOne Administration (October 6), ACH Audit Requirements (October 20, Eligible for AAP credits), ECCHO - Unauthorized Checks and Timely Returns (October 26), Share Draft Processing (October 27) and ECCHO - Presumption of Alteration (October 28).