• Auto Loan Opportunities ABOUND for Credit Unions!

    Aug 3, 2021, 08:30 AM by Sarah Snell Cooke, Ser Tech
    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.
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  • 4 Things You Should Know About the Recently Amended Derivatives Rule

    Jul 22, 2021, 08:30 AM by Chris Shipman, CFA, CFP® Catalyst Strategic Solutions Advisor
    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.
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  • Steps for Post-COVID Mortgage Lending Success

    Jul 15, 2021, 08:30 AM by Andrew Weiss, Origence Senior Vice President of Platform Strategy
    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.
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  • Issuing Secondary Capital to Rebuild Net Worth Ratio: What LID CUs Need to Know

    Jun 24, 2021, 08:30 AM by Jonathan Jackson, CFA, FRM Catalyst Strategic Solutions Senior Advisor
    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.
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  • Mobile Remote Deposit: Lessons Learned from Shopping for Potatoes

    May 27, 2021, 08:30 AM by Karen Coble, Catalyst Corporate Vice President of Sales
    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.
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  • Empowering Consumers’ Financial Lives With Credit Scores

    May 11, 2021, 08:30 AM by Sarah Cooke
    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.
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  • Demystifying Bond Investing

    Apr 27, 2021, 08:00 AM by Dan Abdill, Catalyst Corporate Senior Investment Officer
    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?
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  • The Key to Surviving the Unexpected? A Well-Balanced Investment Portfolio

    Mar 25, 2021, 08:00 AM by Al Schiliro, Catalyst Corporate Senior Investment Officer
    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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  • MODDern Times In Auto Lending, Deep in the Heart of Texas

    Mar 4, 2021, 08:30 AM by Bill Meyer, Public Relations and Content Manger, CU Direct
    Randolph Brooks Federal Credit Union (RBFCU) is way ahead of the game when it comes to supplying the three most important elements in the modern auto buying experience – convenience, convenience, convenience.
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  • CECL…Are We There Yet?

    Feb 25, 2021, 08:00 AM by Mark DeBree, CFA, Catalyst Strategic Solutions Managing Principal
    Now nearly two months into the new year, the sudden shock of 2020 is slowly fading, and we can finally catch our breath…right? Well, the fresh start also inches us closer to the impending CECL transition. Despite hope that the implementation date might get pushed out amidst the COVID-19 pandemic, it appears January 1, 2023 is standing firm. However, the NCUA did provide a little relief, allowing credit unions to spread out the impact on net worth over a few years.
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  • P2P: Made Possible by Technology, Powered by Trust

    Jan 28, 2021, 17:19 PM by Karen Coble, Catalyst Corporate Vice President of Sales
    You may be hearing a lot about P2P in 2021. That would not be surprising. Interest in P2P payments had already been growing in recent years – and changes in consumer behavior brought about by the COVID-19 pandemic have given it a boost.
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  • Cooperation Key to Credit Union Efforts in DC

    Dec 22, 2020, 08:30 AM by Shana Richardson, President and CEO, Ser Tech
    Credit unions are relatively small players in the financial services marketplace, but through their collaborative, not-for-profit roots, we can do a world of good for consumers, the communities we serve and the credit union movement as a whole.
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  • Home Sweet Home…Office? Assessing Enterprise Risk Beyond CU Walls

    Dec 17, 2020, 08:30 AM by Brad Cooper, CUERME, Catalyst Corporate Director of Enterprise Risk
    The concept of working from home was foreign to many until March 11, 2020, when the World Health Organization officially declared the COVID-19 outbreak a pandemic. Organizations across the world were forced to enact their pandemic preparedness plans and send their employees home for an indefinite period.
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  • The Future Is Here: AffirmX with Wrap-Arounds

    Dec 15, 2020, 17:25 PM by Steve Gibbs, Risk Management and Compliance AVP, Cornerstone Resources
    Ah, what we wouldn’t sometimes give for the good old days, right? We often wax nostalgic about simpler times—before COVID-19, social distancing, masks, and political upheaval—when gas and movies were cheap, music didn't need an explicit content advisory, and we all knew our neighbors.
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  • How Vendor Contract Renewals Can Offset Earnings Challenges

    Dec 3, 2020, 09:00 AM by Nick Lane, Senior Director, Cornerstone Advisors
    In the midst of the COVID-19 pandemic, financial institutions can quickly realize savings by renegotiating major vendor contracts.
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  • The Difference Between an ACH Audit and an ACH Risk Assessment

    Dec 2, 2020, 09:00 AM by Cynthia Rogstad, Internal Audit AVP, Cornerstone Resources
    Cornerstone Resources has performed approximately 2,300 credit union ACH audits and ACH risk assessments since 2000. Our ACH specialists are frequently asked about the difference between the ACH audit and the ACH risk assessment, so we're happy to break it down for you.
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  • Can’t Stop, Won’t Stop. Faster Payments Momentum Continues

    Nov 19, 2020, 12:45 PM by Glenn Wheeler, Catalyst Corporate Director of Item Processing Operations
    Despite challenges brought forth by the COVID-19 pandemic, the nation’s faster payments initiative is still pushing forward in 2020.
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  • Security + Pen Testing = Peace of Mind

    Nov 18, 2020, 15:26 PM by Michael Salyer, CISA, CND, CEH, ECSA, IT Consultant, Cornerstone Resources
    How do you achieve peace of mind for your business? In today’s climate, the bad actors are not easing up on cybercrime. On the contrary, during the COVID-19 pandemic, cybercrime has increased dramatically. Phishing attempts are especially on the rise as more and more employees are working remotely. Add escalated cybercrime and remote workers together, and you have a dual threat to business networks that can shake the very foundation of your peace of mind
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  • Collaborate and Succeed

    Nov 17, 2020, 08:30 AM by John M. Skeldon, Cooperative Business Services, Executive Vice President – Commercial Lending Group
    The CBS SBDO model enables a credit union to have full access to a local, experienced lender for a small fraction of a six-figure expense load. This same credit union also gets first right to fund any origination presented by the BDO being cost shared, which drives frequency with investment opportunity as well as growth / diversification for a credit union balance sheet
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  • 8 Tips for Managing your Cash Supply Chain and Inventory

    Nov 12, 2020, 16:46 PM by Karen Coble, Catalyst Corporate Vice President of Sales
    Credit unions and other financial institutions have some of the most intricate supply chain systems in the world, specifically the cash supply chain. See these eight tips to help you assess and optimize your cash supply chain and vault, ATM and device inventory processes, so you can create more visibility, refine procedures, and keep your cash supply chain moving efficiently.
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