News & Insights
One of many efforts to restore confidence in the banking system following the 2008 financial crisis, this program was intended to fend off potential contagion in the banking sector in the event of another severely adverse credit default.
Subordinated debt has remained at the forefront of credit union strategic initiatives throughout 2022 and into 2023, despite rising interest rates.
Attending my first Young Professionals Conference representing Catalyst Corporate was an inspiring experience. I thoroughly enjoyed all the speaker sessions, power hours andTommy Machun networking events Cornerstone Credit Union League (CCUL) hosted for young professionals.
What is the difference between the soon-to-launch FedNow℠ Service and other instant payments services? What is ISO 20022? How should my credit union prepare for the FedNow Service? Attendees generated more than 20 questions, including these, at Catalyst Corporate’s first no-cost Faster Payments Essentials webinar last week.
The U.S. debt ceiling situation has dominated news headlines the last few weeks, but the Treasury has been robbing Peter to pay Paul since January to meet its obligations. With time quickly running out, what are the possible implications for credit unions?
When considering interest rate risk exposure, it’s important to evaluate whether or not the Fed is done raising rates. If we assume they are not done, how high do rates need to rise to accomplish the Fed’s goals? If rates increase accordingly, how much more will mortgage rates rise?
Today, 80% of American consumers believe speed, convenience and ease of payment are the most important elements of a positive customer experience, according to a study by PwC. Members desire more flexible banking options at their fingertips, whether it’s 24/7 access to services or on-the-go capabilities from their phone or computer.
The payments industry is ever-changing. There is a growing need for faster, seamless payments as new technology and competitors emerge. Compared to current fintech solutions, a funds transfer on existing payment rails may take hours or up to a couple days to settle and post to a customer’s account. Until recent years, however, there had been no united payments industry effort to provide additional alternatives for instant transactions. All of that is now on the cusp of change.
Credit unions are an essential part of the financial services sector, serving millions of people around the world. Therefore, it is crucial they operate with the highest level of accuracy to make sound business decisions and provide the best possible services to their members.
As 2023 unfolds, credit unions remain focused on expansion and growth, even though liquidity has tightened, and share growth has slowed. While near-term growth may be difficult to achieve, market indications suggest that share growth will rebound later in 2023 or early 2024.