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    August 2017

    A Note From Chris

    I hope all of you had a great summer, with plenty of time to spend with friends and family!  

    It’s been another busy month at Corporate Central. We’re especially excited to announce the launch of our technology services CUSO, Emergifi, led by our Chief Information Officer, Gregg Tushaus. The Emergifi website launched this month and new innovative technology solutions custom-built for credit unions are now available!

    Chris Felton
    President/CEO

    What's New & Who's Who

    This month we celebrated Jesse Kohl’s 15th Anniversary! Jesse has been instrumental in the expansion efforts of Corporate Central’s products, services, strategic alliances, education and overall membership base.

    We also celebrated Stephanie Schmidt's well-deserved promotion to Manager Member Services. In her new role, she is the primary coordinator for new service implementations and oversees all facets of the new service process.

    Our Family of CUSOs

    Our CUSO offering custom-built credit union technology solutions is here! Emergifi provides credit union technology solutions that improve productivity and security, while reducing cost and risk. Given the incredible pace at which technology is changing, credit unions are challenged to do business faster, smarter and more efficiently – or risk getting left behind. As a result, cloud computing is rapidly becoming a primary driver of business transformation, giving credit unions a way to differentiate, disrupt and gain share in the market. Our managed, cloud-based approach offloads low value utility services and focuses your resources on high value initiatives.

    Check out our new website to learn about our technology product and service offerings, and see the press release highlighting the launch of this innovative technology CUSO.

    I-Care, the innovative employee benefits solution for credit unions, recently announced the growth of its program to over 3,000 total lives insured. The announcement highlighted the cost savings and benefit enhancements for one of its newest participants, Educators Credit Union.

    According to Peter Stein, Chief People Officer of Educators Credit Union, "Through July, we saved about $383,000 over last year just for our medical plan. If you annualize it, that’s about a $600,000 savings. We decided to go with I-Care not only for the cost savings, but also for the high level of benefits and consulting services. We can control our medical costs and design our plan based on staff needs. We’re able to give our employees better benefits at a lower cost to them, and the transition was very easy. Knowing what I know now, I would have joined I-Care sooner.”

    Check out the full press release.

    On August 23, Ben Wierzba, Financial Strategist, hosted an educational webinar titled, "Liability Driven Investing," based on his white paper, “Boost Performance and Reduce Overall Risk with Liability Driven Investing.” When investment managers discuss the investment portfolio, conversations often revolve around risk and return as they relate to the portfolio only. While return and risk of the investment portfolio are certainly important, they should not be the only driving forces behind a credit union’s investing strategy. With the practice of liability driven investing, risk relative to liabilities is the primary concern.

    The webinar and white paper remind us that ALM requires performance measurement in order to ensure return goals are being met and risk levels are being maintained. To properly measure results, benchmarks must be put in place.

    Credit Unions Connect
    Stories that Exemplify the Movement

    Advia CU Supports Greater Kalamazoo Girls on the Run
    Advia Credit Union in Parchment, Michigan is a proud supporter of the Greater Kalamazoo Girls on the Run, donating $653 to this wonderful event.

    Dane County CU Making New Friends
    Dane County Credit Union in Madison, Wisconsin had a big week for volunteering, helping with the Heartland Farm Sanctuary. The Heartland Farm Sanctuary's mission is to provide care for farm animals in need, nurture people through the human-animal bond, and foster respect and kindness toward animals and each other.

    A Great Read
    A Report Provided by our Partners at Filene

    Money Talk: Shifting the Financial Landscape through #Adulting
    The Center for Consumer Decision Making hosted a Money Talk colloquium that explored the market-shifting force the Millennial generation has on the financial industry. Through the five presentations given we consider that the Millennial generation is living a dichotomy. More Millennials are living in poverty than the previous generation and graduating with triple the debt for a college education. Yet, they are the target market and driving force of the fintech revolution and many will be receivers of the greatest wealth transfer to ever occur in America. Credit unions are uniquely positioned to understand and support this generation through what is most certainly a scary, uncertain, and exciting time in their lives.

    FUNdraising

    Summer Olympics are Coming to Corporate Central
    New leaders have taken over the Fun Committee for the next few months and are bringing the Summer Olympics to Corporate Central. Corporate Central staff have been divided up into three teams, each fighting for a chance at the gold medal in different events or challenges.

    During our Summer Olympics we will also be participating in fundraisers to benefit Special Olympics of Wisconsin including an opportunity to participate in the Second Annual 2017 Titletown Showdown.

    Let the games begin!

    Did You Know?

    Several Corporate Central members already have experienced significant cost savings from our new revenue enhancement and cost reduction solution, CU-Save, offered through our CUSO, InterLutions. CU-Save offers unique benchmarking solutions, coupled with industry-expert consultants, with a drive to significantly improve your bottom line. Email us at innovation@interlutions.com or visit our website InterLutionsCUSO.com for more information.

Upcoming Events

Top 5 Best Practices for Patch Management to Protect Your Data Today

Wednesday, April 25, 2018 10:30 AM - 11:00 AM Central Time (CST) | Webinar

Ryan McMillan, Director of Technology Solutions from Emergifi, will go over 5 things you must be doing to keep your data and your member's personal information safe. With security breaches increasing it's critical to keep your systems and software up to date. Ryan will teach you actionable items you can implement today to ensure systems are secure, free of vulnerabilities and operate your credit union without interruption.

No cost to attend.

How the State Notice of Breach Provisions Impact Third-Party Risk

Thursday, April 26, 2018 2:00 PM - 3:00 PM Central Time (CST) | Webinar

With new cyber laws and guidance being released both at state and federal level, it’s a compounded problem on how to interpret and implement the complex steps associated with notice of breach provisions. Once you can discern the rules for both state and federal, how do you ensure that those rules are followed by all the key stakeholders in each department of your organization? This aspect of vendor management and operational risk should be front-and-center for the financial institution who understands the implications if not handled correctly.

I-Care: Healthcare and Employee Benefits for Small Credit Unions

Thursday, April 26, 2018 2:00 PM - 2:30 PM Central Time (CST) | Webinar

In this 30 minute webinar, we will discuss the new healthcare and employee benefits now available for all credit unions, including flexible and competitive funding models, wellness solutions, patient advocacy, enrollment concierge, benefit administration, and much more.

CU-Save: Leveling the Playing Field

Tuesday, May 1, 2018 11:00 AM - 11:30 AM Central Time (CST) | Webinar

It is time to Level the Playing Field!  Join us for a 30 minute, high-level webinar to learn about negotiating effective long-term contracts.  During this educational webinar, we will explore 3 basic truths that put credit unions at a disadvantage when reviewing contracts. And more importantly we will address best practices and effective contract management strategies to employ today at your credit union.

The Better Way to Manage Your Chargeback Returns to Save Time, Money and Staff Resources

Thursday, May 3, 2018 2:00 PM - 2:45 PM Central Time (CST) | Webinar

Deposit Returns Source Capture is a web-based platform that allows credit unions to receive electronic chargeback files and quickly make decisions on either redepositing those checks or returning them to members. This service can reduce a credit union’s chargeback return risk and save time and money.

This type of electronic product will gain additional importance when the Federal Reserve changes the treatment of chargeback returns with an upcoming change to Regulation CC. The rule change could significantly increase the liability for credit unions that do not accept electronic delivery of chargeback returns.

No cost to attend.

Corporate Central Credit Union's Annual Meeting

Thursday, May 10, 2018 9:30 AM - 10:45 AM Central Time (CST) | KI Convention Center, Green Bay, WI

We will be holding our annual meeting in conjunction with The League’s Annual Convention & Exposition.

Secondary Capital for Credit Unions

Wednesday, May 16, 2018 12:00 PM - 12:30 PM Central Time (CST) | Webinar

The ability for credit unions to accept secondary capital has the potential to create a significant benefit for institutions and members alike. As with any instrument or change in the “norm,” there are important considerations that can create pitfalls if not carefully analyzed.

We will start with an overview, discuss the regulatory component, pros and cons, and what to consider prior to acting.

Economic Outlook Conference 2018

Thursday, October 11, 2018, All Day Central Time (CST) | Monona Terrace Madison, WI

Save the date! The Economic Outlook Conference will be held on Thursday, October 11, 2018 at the Monona Terrace in Madison, WI.

Our Family of CUSOs

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Corporate Central Credit Union
6262 South Lowell Place, Muskego, WI 53150
Phone: (800) 242-4747 | Fax: (414) 427-3700
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