Insights from Catalyst
Welcome to Catalyst's blog, where thought leaders share their insights on news, trends and events. Have a blog idea? Contact the Communications Team.
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October 26, 2020 | John Kirby
As we enter the eighth month of the pandemic, credit unions that have consistently maintained a short-term investment strategy may be starting to see their investment income levels drop as they complete their 3rd quarter call report. We’ve already seen net interest incomes drop since the market crashes this spring, as the zero-interest rate environment leaves less room for net spread between cost of funds and what you’re earning on assets.
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October 22, 2020 | Justin Lutes
Taking advantage of add-on services, such as an ACH solution, from your core provider just makes sense for credit unions. Or does it? Although core providers may offer incentives to gain your add-on ACH business, you’ll want to ensure their product functionality, features, service and support match yours and your members’ expectations before signing the contract.
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October 19, 2020 | Mark Wert
Not surprisingly, the pandemic has left its mark on the credit union industry. In short, credit unions have experienced a swift increase in assets in 2020 as members continue to grow their savings. As is the case with any recession, consumers generally look to save during uncertain times.
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October 16, 2020 | Mark DeBree
At its October 15, 2020 meeting, the NCUA Board proposed a new derivative rule that greatly eases the prescriptive nature of the previous rule and credit unions’ burden for gaining authority.
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October 08, 2020 | Glenn Wheeler
Despite challenges brought forth by the COVID-19 pandemic, the nation’s faster payments initiative is still pushing forward in 2020. The Faster Payments Council recently held its virtual Fall Member Meeting to share critical, emerging information and engage in dialogue supporting faster payments progress.
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