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A Better Way to Fight Cybercrime: The Consortium

Battling cybercrime in the financial services industry can be downright scary. Threat actors are continuously evolving new phishing or ransomware campaigns on banks and credit unions.

Feb 22, 2024

NCUA issued an Advisory on Liquidity Risk Management

The NCUA issued an Advisory on Liquidity Risk Management. Here are four solutions that can help your credit union align with this advisory.
Mitigate Check Fraud
Jan 26, 2024

Real-Time Detection Solution Mitigates Check Fraud

In 2022 alone, financial institutions issued 680,000 reports of check fraud to the Financial Crimes Enforcement Network – an increase of 94% over the previous year. Lacking adequate security and detection controls can lead to significant financial loss.
Dec 14, 2023

Digital Loan Payment Process Solves Challenges

Adding a digital loan payment service can answer challenges credit union’s face. Here is a case study from a credit union in Texas that implemented Catalyst’s CU LoanPay solution.
Nov 30, 2023

Federal & State Labor Law Posters

As we prepare for 2024, one area of compliance often overlooked is labor law posters. Typically, the new year brings many legislative changes (minimum wage, paid leave, etc.) that employers are required to communicate to their workforce.
Nov 28, 2023

Overdrafts: Service Fee or “Junk” Fee?

In President Joe Biden’s State of the Union address on February 7, he called on Congress to crack down on “junk fees.” He defined the term in his address as “those hidden surcharges too many companies use to make you pay more.” Among those attributed to this murky category were charges related to overdraft services.
Nov 16, 2023

How to Fight the Deposit Slump

Few people get excited about basic banking, however, credit unions can augment mundane banking functions with unique lifestyle-based banking features.
Nov 14, 2023

White Paper: Strategies to Unlock Efficiencies in Modern Lending Programs

For over 100 years, credit unions have played a crucial role in the financial ecosystem by providing members with access to affordable loans.
Nov 7, 2023

Seven Key Steps to Unlocking Liquidity Certainty

The concept of liquidity plays a crucial and important role in the stability of financial institutions. However, with great importance comes inherent risk. The concern over liquidity risk has grown for credit unions, prompting the need for closer examination due to the present financial climate. Enter Liquidity Stress Testing.
Oct 31, 2023

Symphonies and Check Processing: The Common Thread

What if credit unions came together under one umbrella to consolidate their item processing to achieve benefits that would not be available to them individually?
Oct 20, 2023

Cybersecurity Best Practices for Credit Unions: 5 Tips to Help Protect Your Finances

In an age where financial transactions are increasingly digitalized, credit unions play a vital role in safeguarding the finances of their members and themselves. As we mark Cybersecurity Awareness Month, it’s an opportune time to emphasize the pivotal role of cybersecurity best practices. Let’s explore the key tips you must adopt in order to protect members and your own operations.

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