2023 ALM Survey
Accuracy and Team Knowledge Most Important Aspects of Service
Catalyst Strategic Solutions surveys its Asset/Liability Management (ALM) Service clients every year to ensure ALM products and services meet client expectations. In this ever-changing environment, each credit union’s balance sheet management needs are unique. As such, Catalyst's ALM Service uses these client insights to continually evolve in a member-centric manner.
In the 2023 survey results, the ALM Service was awarded a Net Promoter Score (NPS) of 85.7, with credit unions of various sizes participating from across the United States. Survey respondents included C-suite leaders, senior management, ALM practitioners and financial specialists.
Overwhelmingly positive comments were recorded for members of the ALM team, recognizing their outstanding client service. "Knowledgeable," "Team" and "Helpful" were highly ranked attributes.
Based on a five-point scale, the ALM analysts received an overall score of 4.7. Participants evaluated analysts’ responsiveness to clients, knowledge level and responsiveness to regulatory changes. Additionally, participants rated ALM reports a 4.7 on a five-point scale, based on report ease of use, quality, usefulness, meeting needs during exams, delivery and data submission.
In the survey, clients ordered the most important aspects of Catalyst Strategic Solutions’ ALM Service as:
- Accuracy
- Response to Regulatory Requirements
- Team's Knowledge
- Quality of Service
- Fast Reporting
“Catalyst's ALM Service empowers credit unions, regardless of size or complexity, with actionable data to effectively improve earnings and manage their balance sheet risk,” said Aaron Martini, director of ALM Services at Catalyst. Martini added, “Using a full range of services and two third-party certified ALM platforms, the experienced ALM team works directly with credit unions to develop customized solutions that achieve results.”
Partner with Catalyst's ALM team to develop your credit union’s 2024 balance sheet strategy and get access to the ALM reports.
Catalyst uses a Net Promoter Score (NPS) to evaluate member survey responses. NPS is calculated by subtracting the total weight of the lowest six ratings from the two highest ratings categories. This approach is designed to convey the percent of respondents who are not just highly satisfied, but who would be most likely to go out of their way to recommend Catalyst to their peers.
"Catalyst" is a brand name for the financial services business conducted by Catalyst Corporate Federal Credit Union ("Catalyst"), both directly and through its subsidiaries, including CUSOURCE, LLC, d/b/a Catalyst Strategic Solutions ("CSS"). Balance sheet management services and asset liability management services are offered through CSS, a SEC registered investment adviser. CSS is a separate entity from Catalyst and all investment decisions are made independently by CSS employees. Neither Catalyst nor CSS provide its clients with legal, tax or accounting advice.