Since the Fed began increasing the fed funds rate, credit unions have been heavily impacted by the rapid ascent of interest rates, prompting challenges.

Whether for a sensitive executive search or professional recruiting, we know that stakes for selecting the right talent for your credit union are sky high—and the monetary and cultural consequences of failure can be astronomical!

Even though higher rates are currently on the short end of the yield curve, Catalyst Corporate's John Kirby says there are reasons to consider locking in some longer maturities.

A change in how you lend, will do you (and your members) good

Truly artful loan pricing is a delicate balance between providing the best possible value to your credit union and offering a rate that members ultimately accept. There is no clear market indication for how to price a loan...that's where it becomes an art.

Historically, credit unions have strived to be their members’ primary financial institution (PFI) – the place where people have their checking account, direct deposit, favorite credit card, possibly even their mortgage. However, the PFI concept is quickly evolving.

Talked about for years, implementation of FASB’s Current Expected Credit Loss accounting standard is now only weeks away. Known as CECL, the new accounting standard becomes effective January 1, 2023.

As contrary as it may seem, using AI in your underwriting process can actually make the experience more human for your members. It’s faster, more accurate, helps you maintain compliance, and lets you approve more borrowers, while improving the experience they have with your credit union.

Momentum continues to build in faster payments as volume, capabilities and use cases expand and develop. Catalyst Corporate's Glenn Wheeler explains some of the latest developments in preparing credit union onboarding for the FedNow system.

Cybersecurity has become one of the biggest hot topics inside and outside of technology circles over the last two years. From securing learning devices due to a rise in digital learning during the COVID-19 pandemic to coping with the fallout of high-profile breaches of national infrastructure such as the Colonial Pipeline, there is a seemingly endless news cycle dedicated to cybersecurity mishaps and concerns.

Arguably no phrase has dominated the tech world over the last 24 months more than the term “data breach.” From breaches that have impacted critical infrastructure like the Colonial Pipeline to hackers compromising healthcare records at UC San Diego Health, the last two years have been saturated by headlines of cybersecurity mishaps.

Just about every financial institution uses some type of core system to run its operations. Some credit unions (or even community banks) will try to tap the loan origination functionality that is built into their core system. However, as lenders grow, eventually, they have a “graduation moment” and realize they need a standalone loan origination platform to reach their current and future goals.

Catalyst Corporate ALM Consultant Richard Cranfill shares his takeaways from Southwest CUNA Management School (SCMS) at Texas Christian University. See what he found most interesting about his experience.

Human exploitation, lost/stolen credentials or scams that compel consumers to divulge or expose personal information keep payments fraud on the rise. Catalyst Corporate's Glenn Wheeler explains the importance of raising awareness about payments fraud.

Jeff Hamilton, Catalyst Corporate Vice President of Member Credit, suggests Loan Participations can be a winning strategy for your credit union.

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.

Loan Origination Systems (LOS) can be simply defined as a digital platform that facilitates the lending process from application through the disbursal of funds. While the definition may be straightforward, comparing different LOS platforms will reveal numerous feature gaps, integration challenges, and implementation road blocks. Knowing the right questions to ask LOS vendors can help you select the best solution for your credit union.

Digital Marketing Coordinator Tuesday DerMargosian represented Catalyst Corporate at Cornerstone's recent Young Professionals Conference. Join her for a look at her conference journey, her takeaways, and a short video.

How Can Interest Rate Swaps Be the Answer to Rising Rates? The rise in interest rates has caused the values of mortgage portfolios and long-term investments to decline. Some credit unions and board members have said, “Maybe we should stop or slow down our mortgage lending.” My answer to them is always the same: Wait, let’s talk this through first.

Although similar in nature, external vulnerability assessment testing (VAT) and penetration (PEN) testing are quite different.