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Let the PXT Select Assessment Help You Find the Right Talent

Every organization has felt the pain of making poor “people” decisions, as well as the joys of finding rising stars. The PXT Select assessment provides you the right information to make informed talent decisions so that you engage the right people. It measures how an individual fits specific jobs within your organization through assessing one’s thinking style, behavioral traits, and interests.

Aug 26, 2021

Is Email the Achilles Heel in Your Wire Fraud Prevention Plan?

In Greek mythology, Achilles was the greatest of all Greek warriors. But despite his overall strength, one small, unprotected area on his heel led to his ultimate downfall. As warriors against fraud, credit unions vigilantly establish safeguards to protect their institutions, but one small vulnerability – email – can be the Achilles heel that cripples financially and reputationally.
Aug 9, 2021

What You Need to Know About the Expense Analysis Page

Cornerstone’s ALM Key Ratio Analysis Report includes an Expense Analysis, which can provide insights for your credit union. The Expense Analysis, found on page 11 of the report, gives you another perspective to consider when looking at the costs to run your credit union as they relate to offering loans and share drafts—the products and services you offer your members to make their lives better.
Aug 3, 2021

Auto Loan Opportunities ABOUND for Credit Unions!

Despite supply issues and higher prices across the auto industry, car sales have continued to remain strong. As new and used vehicles continue to sell, financial institutions have had plenty of opportunities to make car loans and increase their share of the auto-lending market, but it hasn’t been easy for credit unions attempting to do so.
Jul 22, 2021

4 Things You Should Know About the Recently Amended Derivatives Rule

Conversation around interest rate derivatives has gained more traction within the credit union industry over the last year. And recently, the NCUA Board approved a final rule that modernizes the proposed derivatives rule. Here’s what you need to know.
Jul 15, 2021

Steps for Post-COVID Mortgage Lending Success

We are living in fast-changing times. Lenders that fail to meet the changing demands of their borrowers will be ill-equipped to compete for their business. While other industries have learned to deliver high levels of customer engagement and satisfaction online, many lenders are still originating loans much as they were 20 years ago.
Jun 24, 2021

Issuing Secondary Capital to Rebuild Net Worth Ratio: What LID CUs Need to Know

Credit union asset growth remained strong in the first quarter. However, these days, describing asset growth as “strong” is an understatement. After increasing 16.2 percent in 2020, assets grew at an annualized rate of 17.5 percent in the first quarter of 2021.
May 27, 2021

Mobile Remote Deposit: Lessons Learned from Shopping for Potatoes

Today, millions of consumers will make shopping decisions about cereal, chicken, tomatoes, and potatoes. And for many, those decisions will be based on one key factor: convenience.
May 11, 2021

Empowering Consumers’ Financial Lives With Credit Scores

There’s a lot of confusion for consumers about their credit scores, which is to be expected when borrowers receive ‘educational’ scores from various services does not often match lenders see in the FICO score. Most consumers, and Ser Tech, believe it’s important to see the scores lenders use during the loan approval process when making borrowing decisions.
Apr 27, 2021

Demystifying Bond Investing

As bond yields continue to rise more rapidly than rates on certificates of deposit (CDs), and fewer CDs are being issued, Catalyst Corporate’s Brokerage Team is fielding more credit union inquiries about investing in bonds. Is your credit union considering investing in bonds for the first time? If so, where do you start?
Mar 25, 2021

The Key to Surviving the Unexpected? A Well-Balanced Investment Portfolio

The 9/11 terrorist attacks, the Great Recession of 2008, and now…COVID-19. The health and economic crisis brought on by the global pandemic is arguably the third major outlier event of our generation.

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