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Back to Basics: Mitigating Money Laundering Risk in Credit Unions
ALM Assumptions for Credit Unions: Strategies to Thrive Amidst Market Volatility
In recent years, credit unions have grown accustomed to the regular occurrence of market volatility and its effects. Surging deposits and liquidity surpluses were widespread with rates at historically low levels, only to go the other way sooner than most expected. Now, rates are at the highest they have been in years and credit unions are facing a shortage of liquidity on top of continued strength in loan demand.
Solutions Bring Convenience & Flexibility to Members
Over the past several years, evolving consumer expectations have served as a catalyst for payments innovation. From P2P to mobile wallets, and contactless to buy online/pickup in store (BOPIS), consumers have been open to trying new methods of payment to attain greater convenience, less friction and more financial stability.
Embracing Automation: Enhancing Lending Services in the Digital Age
In today's digital-driven world, credit union lenders are working to improve member service at every critical touchpoint. Evolving member expectations are pushing for more convenient options, like online membership and loan applications with quick decisions.
Expanding Community Impact: Credit Union Strategies for Business Growth
Building a strategy to grow your credit union could be as easy as looking at your current membership for inspiration.
Help Enhance Your Member Experience with a New Integrated Digital Feature
Introducing a new dynamic content feature now available from TruStage™
The FedNow Service is Live: Six Steps Your Credit Union Should Consider
The FedNow® Service has launched. Now what? It’s essential to educate yourself and continue building your credit union’s strategic plan regarding its role in faster payments. Here are six key steps to consider.
Flipping the Script: 5 Key Insights About Blue Shield's Pharma Industry Shakeup
Blue Shield of California, a nonprofit health plan with nearly 5 million members, has announced a radical plan to jettison its legacy pharmacy benefit manager. Here's what their decision could mean for the future of healthcare in America.
Troubles Growing Your Credit Union? 6 Reasons to Try Out Millennium’s CU Growth Navigator
Attracting new members and strengthening relationships with current ones is no simple task. However, we’re confident a new strategic approach can help with the expansion of your credit union.
Avoid Risks with Your Overdraft Program by Acting Now
Despite no new guidance from the CFPB, regulators are emphasizing the need to evaluate and review overdraft services. Is yours up to date with the latest advice?
Four Ways Credit Unions Can Prepare for Major Indirect Lending Market Shifts
The indirect lending marketplace continues to undergo significant changes driven by evolving consumer preferences and advancements in technology. Credit union leaders can position their institutions for long-term success by embracing modern digital tools that enhance the lending process for internal teams and members alike.
Why FedNow, Now?
The Federal Reserve’s FedNow® Service is the new instant payments rail that will revolutionize the way your members make payments. Is now the right time to implement the FedNow Service?
Help Enhance Your Member Experience with a New Integrated Digital Feature
Introducing a new dynamic content feature now available from TruStage™
How Credit Unions Can Unlock Hidden Efficiencies in Their Lending Programs
We all know that credit unions are facing numerous headwinds in 2023, including high-interest rates, an uncertain economy, and the liquidity challenge. To navigate these challenges successfully, credit unions must focus on uncovering the hidden efficiencies within their lending programs. Fortunately, we have arrived at a point in time where technological advancements offer a remarkable opportunity to transform lending operations, streamline processes, and enhance the member experience.
Catalyst Corporate Launches Moli P2P Mobile Payments Platform
Catalyst Corporate announces its official launch of Moli, a multi-rail mobile payments platform that targets simplifying person-to-person (P2P) payments and positions credit unions for upcoming enhancements in the mobile and faster payments landscape.
What the Rapid Growth of AI Means For Credit Union Lending
For credit unions, it’s no secret that technology is transforming our industry. We all know how important the digital experience is for serving our members, attracting new members, and staying competitive with banks and other financial services competitors. Simply put, technology helps us serve people better – and artificial intelligence (AI) is poised to revolutionize how we do that.
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Prepayment Risk Concerns? Derivatives Can Help
Prepayment risk is sitting at levels not seen in two decades. One of the best ways to hedge mortgage prepayment risk is with interest rate options. Read how derivatives can help.
Digital Loan Payment Processing and The Power of Convenience
Digital loan payments can enhance convenience for both credit unions and their members. It starts with intuitive functionality, options and streamlined loan payments.
The Fundamentals of Growing Indirect Lending in Any Market
For lenders looking to grow their auto programs in 2023, there are a number of challenges to overcome, including higher rates, inflationary pressures, and ongoing supply chain issues. Learning about the fundamentals behind running an indirect lending program and having a plan in place to implement them is more important than ever.
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Fast, Faster, Faster-er: The Rise of Instant Payments
In the U.S. payments industry, instant transactions are dominating conversations. Catalyst Corporate invites you to attend virtual webinars and an in-person workshop.
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Interest Rate Risk Tops List of Regulatory Priorities
Since the Fed began increasing the fed funds rate, credit unions have been heavily impacted by the rapid ascent of interest rates, prompting challenges.
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