In the last decade or so, many broker-dealers expanded into the credit union space to increase their client bases and drive revenue, but that trend appears to be reversing. Due to high rates and low liquidity, credit union investment volumes hit decades-low volumes in 2023, so it's no surprise to see many of these firms moving away from the Credit Union Movement. As a credit union, you need partners that will stand with you through thick and thin. This is who Catalyst is, and what Catalyst does. That’s the value of partnerships…a true relationship.

Preview for the Resources Blog - ODP Business Solutions secured a multifunction printer for a healthcare provider through their strong relationships with vendors, even during a time when supply constraints throughout the industry made this issue almost impossible. Read more to find out how.

NCUA stress test scenarios have been released. Covered credit unions are required to complete the modeling scenarios by May 31. Catalyst can help.

Fraudsters are taking advantage of common activities such as refueling your car or withdrawing money from an ATM. These fraudulent attacks occur frequently and smaller financial institutions are particularly vulnerable. To prevent such attacks, it is important to stay informed about the latest trends in fraud and take proactive measures. Read on to learn more about some of the current fraudulent attacks and how to prevent them.

The financial industry is constantly on its toes, ready to innovate when new consumer, regulatory, or technology trends emerge. However, the ambition to be first to market comes with challenges that can hinder even the most innovative organizations. Time, talent, and investment dollars are all limited resources and not having enough of these can impede a company's ability to beat the competition to the market.

Join Millennium Corporate, Ty Bennett, your credit union colleagues, and a team of talented speakers at the 2024 Annual Meeting in Kansas City!

Evaluating your overdraft strategy is crucial, especially in light of the increased scrutiny and regulations to eliminate risky overdraft practices. The solution to this issue is straightforward: provide an overdraft service that is fully disclosed and has fair and reasonable fees. ADVANTAGE can assist you in achieving this goal.

The NCUA issued an Advisory on Liquidity Risk Management. Here are four solutions that can help your credit union align with this advisory.

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.

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.

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.

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.

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

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

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.

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?

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.

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.

If you are in need of liquidity or simply looking for a secondary liquidity source, look no further than SimpliCD Issuance. Primary Financial, the custodian of the SimpliCD program, is a credit union owned entity created to serve credit unions.

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. Human error remains the number-one attack vector—often an unsuspecting employee who unwittingly gives a scammer the keys to your credit union.