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Catalyst Connect

Catalyst Corporate’s weekly member newsletter addresses issues of interest to credit unions and provides important updates about Catalyst Corporate services and programs. Articles from recent issues are available by clicking on the titles below.


Catalyst Connect – January 15, 2019     

    Year-End 2018 Member Update: Check out 2018 highlights from Catalyst Corporate CEO Kathy Garner in this new seven-minute Member Update video. Incoming CEO Bruce Fox also previews a few 2019 strategic plans, including a forward-looking digital strategy, an alternative investment sweep program and an investment vehicle that provides low-income credit unions with secondary capital.   

    Time to Raise Deposit Rates? Most credit unions have approached increasing deposit rates with a wait-and-see attitude, resulting in below-market rates for as long as possible. The wait may be over, says this Catalyst Strategic Solutions Advisor.

    One More Surprise: Congratulations to Terri Young, operations manager at Belen Railway Employees Credit Union in Belen, New Mexico, for winning a DJI Mavic2 Pro Drone. Terri was one of more than 300 members who entered a drawing supporting the launch of Catalyst Corporate’s new logo.

    Martin Luther King, Jr. Holiday: Catalyst Corporate will close next Monday, January 21, to observe MLK, Jr. Day. See Catalyst Corporate’s 2019 Holiday Schedule.

    January Events and Training: TranZact Updates & Tips (Jan. 16), TranZact Profile and Navigation (Jan. 30), CUBG's Business Lending Bootcamp (Portland, OR, Jan. 30-31) and ACH Online Administration (Feb. 6)



Catalyst Connect – January 8, 2019     

    New Year, New Brand: Catalyst Corporate Federal Credit Union is starting the new year with a new look. Catalyst Corporate is unveiling a new logo – one that places an emphasis on the core capabilities it provides to credit unions: collaboration, aggregation, integration and innovation.  

    Prognostications on the Economy: The Fed and the markets appear to have differing views on the direction the economy is heading. Which is right? A panel of Catalyst Advisory, ALM and Brokerage experts share their thoughts on our volatile economy, the markets and the credit union industry’s 2019 financial outlook in a new video, "Insights & Outlooks 2019."

    Calling All Catalyst Corporate Mobile Capture Users: Boost usage of your mobile deposit services with Catalyst Corporate’s fifth annual "Capture My Heart" marketing campaign. One of your members could win a $100 gift card supplied by Catalyst Corporate. Find out more!

    Scan Foreign Checks with New TranzCapture Feature: Credit unions now may scan foreign check images into TranzCapture and view them on TranZact. This feature eliminates the need for credit union staff to photocopy the front and back of checks prior to mailing the original items for processing.

    January Events and Training: TranZact Updates & Tips (Jan. 16), TranZact Profile and Navigation (Jan. 30), CUBG's Business Lending Bootcamp (Portland, OR, Jan. 30-31)



Catalyst Connect – December 28, 2018     

    A New Dawn for Same-Day (ACH): A new round of Same Day ACH (SDA) advancements is on the horizon! Earlier this year, NACHA’s voting membership approved three new SDA rules that will take effect over the next two years.  

    Sizing up the Economy: Plan to join Catalyst Advisory, ALM and Brokerage experts for our annual "Insights & Outlooks" fireside chat on the economy. They'll discuss the implications of Fed rate hikes, along with other national and global economic factors, and how it all might affect credit unions. Watch your email for a link to the video coming soon. 

    Member Update from the CEO: Another year concludes! How did we do? Where are we headed? Find out in Catalyst Corporate's Year-End Member Update by current President and CEO Kathy Garner and our next President and CEO Bruce Fox. After the holidays, watch your email for a link to this video.

    Happy New Year from the Catalyst Corporate Team! Catalyst Corporate and Catalyst Strategic Solutions will close Tuesday, January 1 to observe the New Year's Day holiday. Catalyst Connect will not publish on New Year's Day, but will resume its regular publication schedule on Tuesday, January 8.



Catalyst Connect – December 18, 2018     

    U.S. Tariffs: Then and Now: The word "tariffs" has been in the media a lot lately. What, exactly, are tariffs? And what do they have to do with consumers and credit unions? 

    Capturing Hearts for the Fifth Year: Catalyst Corporate is preparing to kick off its fifth annual "Capture My Heart" marketing campaign – coinciding with the week of Valentine’s Day – for credit unions that use its mobile deposit services. 

    Holiday Publication Schedule: Catalyst Connect will not publish on Christmas Day or New Year’s Day, but will publish on Thursday, December 27. Market Snapshot will not publish on Wednesday, December 26, and Behind the Numbers will not publish on Friday, December 28; both publications will resume regular schedules the week of December 31.

    Happy Holidays: Warmest wishes from Catalyst Corporate and Catalyst Strategic Solutions this holiday season. Catalyst will close Tuesday, December 25 to observe the Christmas holiday. See Catalyst Corporate's 2019 holiday schedule.



Catalyst Connect – December 11, 2018     

    Tally on Training: As another year comes to a close, so does the 2018 training calendar. This year, more than 1,700 individuals enrolled in Catalyst Corporate educational opportunities. See what training members received and what is new for 2019. 

    Strong Foundations: In 2018, Catalyst Corporate had opportunities to help credit unions improve their bottom lines with operational efficiencies and investment strategies. It also helped some credit union employees to rebuild their lives following disasters that rocked our nation. 

    Contingency Communications: Catalyst Corporate will conduct a Contingency Communications exercise Wednesday, December 12 at 10 a.m Central Time. Be sure to update your Contingency Communications contacts in TranZact.

    December Events and 2019 Calendar: Christmas Day Holiday for Catalyst Corporate and Catalyst Strategic Solutions (Dec. 25). The link includes Catalyst Corporate’s holiday schedule through 2019.



Catalyst Connect – December 4, 2018     

    Be Careful What You Wish For: In 2005, interest rate derivative and bond traders complained about being bored, wishing for more volatility in the rate markets. We got that volatility over the next few years – and then some – and recovery was slow. Volatility is back in most markets. Could this cause the Fed to over-tighten, pushing the economy into a recession?

    No Bond Purchases Tomorrow: With the stock market closed Wednesday, December 5 to observe the national day of mourning for former President George H.W. Bush, Catalyst will be unable to purchase bonds for credit unions. Federal Reserve Bank payment systems will operate normally. No other Catalyst services should be affected.

    Add These Important Dates to Your 2019 Calendar: CU Business Group announces dates and locations for its 2019 National Business Services Conference. Once again, this popular conference is slated for two venues – one in the Northwest and the other in the Southeast.

    Contingency Communications: Catalyst Corporate will conduct a Contingency Communications exercise Wednesday, December 12 at 10 a.m Central Time. Be sure to update your Contingency Communications contacts in TranZact.

    Fall Events and Training: Christmas Day Holiday for Catalyst Corporate and Catalyst Strategic Solutions (Dec. 25). The link includes Catalyst Corporate’s holiday schedule through 2019.



Catalyst Connect – November 27, 2018     

    On the Go! Catalyst Corporate’s Mobile Capture integrates with nearly every mobile banking platform, providing credit union members with a seamless mobile banking experience. Check out 10 ways Mobile Capture can benefit your credit union’s remote deposit process service.

    New Loan Participation Available: If your credit union is looking for a way to manage liquidity, Catalyst Corporate’s Loan Participation Program can help. This established program offers high-quality loan pools and management of the sales cycle from start to finish. See what’s available today!

    You’ve Got Mail: Catalyst Corporate's Q4 2018 SCAN publication will arrive in mailboxes soon, but it's available online now. This edition shares the latest on Catalyst Corporate's partnership with Ripple, cash management trends and more.

    November Events and Training: Navigating the Catalyst Corporate Website (Nov. 28).



Catalyst Connect – November 20, 2018     

    'Tis the Season!: As holiday cards start inundating mailboxes, there’s another type of card you won’t want to overlook – the debit card. The average American will spend $700 on holiday gifts this year, and many will be purchased with debit cards. Protect the accounts connected to those cards with Catalyst Corporate’s CardNav.

    Innovative Online Banking across All Devices: In search of a next-gen digital platform? Catalyst Corporate’s Digital Suite delivers innovation to credit union online banking through all devices. See how a single, state-of-the-art digital platform offers credit unions big advantages like superior usability, ease of maintenance and lower costs.

    Thankful for Our Members: Catalyst Corporate will close Thursday, November 22, to observe Thanksgiving Day. We will open again on Friday, November 23. See Catalyst Corporate’s holiday schedule.

    November Events and Training: Navigating the Catalyst Corporate Website (Nov. 28).



Catalyst Connect – November 13, 2018     

    Info on ISO 20022: The term “ISO 20022” may sound familiar, but since the Fed won't begin implementing it until 2020, researching ISO 20022 doesn’t rank very high on credit union to-do lists. See why Catalyst Corporate's VP, Correspondent Services, says it should.

    Catalyst Corporate's Progress Report: Catalyst Corporate's Q3 2018 Progress Summary is now available online. This quarterly report offers information about membership growth, key performance ratios and the corporate's performance to date.

    Benefits of Derivatives: Derivatives can be powerful interest rate risk management tools for credit unions concerned about their exposure to changing interest rates. In this free, on-demand webinar, Catalyst Corporate experts explain how derivatives work, how to incorporate them into a credit union's ALM framework and what NCUA's regulatory guidance is regarding their use.

    November Events and Training: Deposit Chek® with Catalyst Corporate (Nov. 14) and Navigating the Catalyst Corporate Website (Nov. 28).



Catalyst Connect – November 6, 2018     



Catalyst Connect – October 30, 2018     

    Big Data is a Big Deal: What’s the key to a credit union’s success? Catalyst Corporate VP of ALM Services says, it’s the members. But as credit unions grow and gain more members, it gets harder to know them. What can credit unions do to gain more insights into our members? Two words: BIG DATA.

    Panels Add Insight to Future Forums: Listening to peers talk about their successes (and challenges) is a valuable part of any conference experience. Attendees at Catalyst Corporate’s recent Future Forums heard from their peers on a range of topics – from Artificial Intelligence to Branch Relevancy to Real Estate Lending – during three panel discussions.

    The Heart of a Credit Union: The impact credit unions have on members and communities is evident, but sometimes, a reminder is helpful. This month, as the credit union industry celebrates its 70th International Credit Union Day, a Catalyst Corporate investment officer recognizes the spirit of the credit union movement and reflects on the importance and core values it offers to the underserved.

    November Events and Training: Deposit Capture Research & Accounting (Nov. 7), Deposit Chek® with Catalyst Corporate (Nov. 14) and Navigating the Catalyst Corporate Website (Nov. 28).



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