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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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  • Fintech Partnerships Aren’t All or Nothing

    Nov 10, 2020, 16:57 PM by Bill Meyer, PR/Content Manager
    The coronavirus pandemic is expected to further increase demand for digital banking channels as financial services providers fast-track their digital innovation efforts to protect themselves and their communities from future threats
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  • Managing Interest Rate Risk with Derivative Hedging

    Oct 22, 2020, 10:00 AM by Mark Wert, Catalyst Strategic Solutions, Senior Advisor
    Not surprisingly, the pandemic has left its mark on the credit union industry. In short, credit unions have experienced a swift increase in assets in 2020 as members continue to grow their savings. As is the case with any recession, consumers generally look to save during uncertain times. To combat this slowdown in consumer spending – responsible for approximately 70 percent of economic growth – the Federal Reserve has undertaken unprecedented measures to stimulate the economy.
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  • Let's Get Digital

    Oct 14, 2020, 15:58 PM by Amanda Dawson, Business & Operations Consultant, Audit & Consulting, Cornerstone Resources
    COVID-19 has changed our world of in-person contact and limited auditors' and examiners' ability to complete an onsite review of credit unions. Although digitalization has been a continuous topic over the years, we all received a push to enter the digital age with this year's "new normal." So we ask, how do we continue to make remote audits and exams go smoothly? Simple answer: digital transformation.
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  • P2P Mobile Payment Solutions in 2020: What to Look for

    Sep 24, 2020, 14:00 PM by Karen Coble, Catalyst Corporate Vice President of Sales
    Strengthen member relationships, enhance digital engagement, keep deposits in member accounts and attract new members with the right person-to-person solution.
    Full story
  • Weighing the Strength of a Barbell Investment Strategy

    Aug 27, 2020, 08:58 AM by Frank Lugo
    As in professional weightlifting, a good barbell strategy may offer considerable advantages for credit union investment portfolios.
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  • Reducing Overnight Cash to Enhance Earnings

    Aug 13, 2020, 16:12 PM by Casey Peterson
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  • You Never Know When You'll Need A SAR

    Aug 12, 2020, 08:00 AM by Steve Gibbs, CUCE, BSACS
    Credit unions are beginning to interact with examiners again, this time remotely. This does not change the importance of BSA review and the potential write-ups regarding the need to file Suspicious Activity Reports (SARs). It’s understood that some institutions are in very stable, closed communities that have little traffic or transients.
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  • Post-COVID Mortgage Lending Requirements

    Jul 27, 2020, 19:17 PM by Mr. Bill Meyer
    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.
    Full story
  • Cybersecurity for Credit Unions 101. Compliance, Best Practices, and Infrastructure.

    Jul 23, 2020, 08:46 AM by Jon Allen, II
    The role of cybersecurity in the credit union industry is primarily one of protecting member data against unauthorized and/or malicious access. Data includes identity of an individual, a credit union, a business, or an accounting function, or any combination thereof, that could be used in an exploitative manner.
    Full story
  • The value of professional development: e-learning or face to face?

    Jul 6, 2020, 17:25 PM by Tamra Gaines, CMM, CUDE
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  • Mid-Year Review: Hindsight Too Late for 2020

    Jun 24, 2020, 08:51 AM by Sarina Freedland
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