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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

Attract Large Public Depositors with a Corporate Central Letter of Credit

Tuesday, January 23, 2018 11:00 AM - 11:30 AM Central Time (CST)

Public agencies and businesses can provide credit unions with valuable sources of deposits. Those deposits often require supplemental collateral because the amounts exceed NCUA coverage. Corporate Central can provide a useful alternative to pledging securities to collateralize those deposits. Learn more about our low-cost solution with John Hickey, Vice President Investments. No cost to attend.

COACH III – ACH Basics

Thursday, January 25, 2018 1:00 PM - 1:30 PM Central Time (CST)

Our COACH III Basics webinar will equip users with skills and the knowledge necessary to successfully access our COACH III application and perform basic navigation and inquiry. In this FREE 30-minute session, we will cover System Requirements, System Security, Fingerprint Scanner Installation, Accessing COACH III, Logging On, Biometric Troubleshooting, Homepage – What you will see and correspondent screens. Great for new users or as a refresher course for existing users. No cost to attend.

Reg CC Change Could Increase Credit Union Liability

Thursday, February 15, 2018 1:00 PM - 1:30 PM Central Time (CST)

A July 1, 2018, change by the Federal Reserve System to Regulation CC could significantly increase the liability for credit unions that do not accept electronic delivery of chargeback returns. In this webinar, you will find out more about this change, as well as some alternatives for moving from paper to electronic delivery of chargeback returns.

How to Effectively Shop Your Bond & Insurance

Tuesday, February 20, 2018 11:00 AM - 11:45 AM Central Time (CST)

InterLutions, through its inSure - Risk Solutions program, will host a FREE educational webinar about successfully managing your credit union’s bond and insurance plans. Given the challenges credit unions face in this low interest rate environment, the need to examine operating expenses is more important than ever. Join us for this webinar to learn three simple, yet impactful, ideas that any credit union can easily adopt to significantly lower your bond and insurance costs. No cost to attend.

Security Summit

Wednesday, February 21, 2018 8:30 AM - 4:00 PM Central Time (CST)

Protect Your Members. Protect Your Credit Union.
Hacking, skimming, cyberattacks, fraud, embezzlement, these and a host of other security issues are making headlines daily. Members want to know how their credit union is securing their data and credit unions are endeavoring to mitigate risk and keep up on the ever-shifting landscape.

Join The League’s first Security Summit to explore this critical issue and get action steps for your credit union.

Effective ALM Benchmarking

Wednesday, February 21, 2018 12:00 PM - 12:30 PM Central Time (CST)

Information gained from benchmarking allows credit unions to determine how efficient their investment decision-making is relative to the amount of risk they are occurring. Benchmarking is an ongoing process in which credit unions continuously seek the improvement of their financial health.

Proper ALM benchmarking can assist CEOs, CFOs and other credit union leaders to define the optimal strategy for their credit union. This enables them to identify where the investment decisions lead, lag or remain at par with other portfolio selections. In addition, benchmarking provides the basis by which the credit unions can articulate key investment options, helping to identify what types of securities to build in their portfolios.

Join the QuantyPhi team for a 30-minute educational webinar about the effective use of ALM Benchmarking. No cost to attend.

Protecting Your ATMs and Cardholders from Criminal Attacks

Wednesday, March 14, 2018 1:00 PM - 2:00 PM Central Time (CST)

It’s Time to Rethink Your ATM Security Strategy!

As security breaches and threats increase in frequency and sophistication, it’s imperative to be aware of how ATM security has changed and reevaluate your current security strategy. Attendees will learn changes, trends and challenges in criminal ATM attack techniques impacting security operations.

  • Examples of different types of ATM fraud including card skimming, deep insert skimmers, periscope skimmers, shimming devices and the different methods criminals use for card entrapment
  • The role newer EMV chip cards play in ATM security
  • How to help your members identify an ATM that may have been tampered with by criminals
  • New technology solutions to combat ATM skimming, shimming and cash traps.

With skimming on the rise, it’s up to you to stay one step ahead of the criminals! Join David Krzic, AVP, ATM Product Manager, Elan Financial Services and Michael Negley, National Account Manager, Cennox to learn more. No cost to attend.

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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