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Mar 4, 2021, 08:30 AM
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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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Feb 25, 2021, 08:00 AM
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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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Jan 28, 2021, 17:19 PM
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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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Dec 22, 2020, 08:30 AM
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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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Dec 17, 2020, 08:30 AM
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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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Dec 15, 2020, 17:25 PM
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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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Dec 3, 2020, 09:00 AM
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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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Dec 2, 2020, 09:00 AM
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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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Nov 19, 2020, 12:45 PM
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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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Nov 18, 2020, 15:26 PM
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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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Nov 17, 2020, 08:30 AM
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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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Nov 12, 2020, 16:46 PM
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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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Nov 10, 2020, 16:57 PM
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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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Oct 22, 2020, 10:00 AM
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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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Oct 14, 2020, 15:58 PM
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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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Sep 24, 2020, 14:00 PM
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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.
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Aug 27, 2020, 08:58 AM
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Frank Lugo
As in professional weightlifting, a good barbell strategy may offer considerable advantages for credit union investment portfolios.
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Aug 13, 2020, 16:12 PM
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Casey Peterson
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Aug 12, 2020, 08:00 AM
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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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Jul 27, 2020, 19:17 PM
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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.
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