Business Services
Local businesses are the lifeblood of our communities
They employ half of all employees in the country and routinely growing local economies. Catalyst can give you the means to better serve the businesses in your trade areas, empowering these growth engines while providing new earnings opportunities for your credit union.
Small businesses require ACH origination to expedite vendor payments, pay employees, pay taxes and more. Catalyst enables your credit union to serve business customer ACH needs through an easy-to-use online platform with import/export capabilities, flexible user administration, built-in security and fraud prevention and robust business continuity features.
Many businesses receive a significant number of checks and need a way to quickly and easily deposit them without weighing on efficiency and stretched management staff. Catalyst can allow your business members to capture checks remotely with scanned deposit items transmitted directly to Catalyst for processing, clearing and collection.
- Cloud-based solution is easy for businesses to implement.
- Scalable for any need
- Online deposit history with images
- Flexible risk mitigation allows you to set parameters for a range of variables with updates at any time.
- You control critical settings and data such as users, review limits, daily amount and more.
CU Business Group (CUBG) is a credit union service organization that provides comprehensive support for credit unions seeking to begin or expand their business services. CUBG’s experienced professionals provide credit underwriting expertise with guidance on strategy, policies and business deposit services. Founded in 2002, CUBG is owned by corporate credit unions, including Catalyst, and serves credit unions nationwide.
- CUBG offers comprehensive loan support, including underwriting, loan documentation and compliance, risk monitoring, consulting and training.
- SBA lending support.
- Loan reviews are independent and provided by experienced commercial loan underwriters.
- CUBG’s loan participation network facilitates buying and selling business loans.
- Business deposit account consultation includes pricing, operations, compliance and marketing.
- Risk monitoring provides periodic review and analysis of business loans, including updated risk ratings with expertise in problem loans and workouts.
- Assistance is available for establishing a complete package of business services.
- A broad scope of educational sessions is offered – from general business lending to detailed cash-flow, for multiple credit unions or customized for a single credit union.