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    December 2017

    A Note From Chris

    We’re grateful, humbled and downright thrilled to have shared another successful year together! Through your steadfast commitment and partnership, 2017 was a year of outstanding progress. We kicked off the year by eliminating over 100 member charges from our fee schedule – to deliver fee relief in a thin-margin market. In the second quarter, we launched two brand new CUSOs to assist members with their technology needs (Emergifi) and balance sheet optimization goals (QuantyPhi). Our communication and educational efforts doubled-down with the launch of four new websites, six new social media sites, and 40 educational events. And because of your tremendous support, the Board of Directors at Corporate Central approved a 7% dividend on all PCC balances for the month of December, a record-high dividend.

    What we are equally proud about, are the positive results from our Member Satisfaction Survey. Corporate Central increased our Net Promoter Score (NPS) to earn an 81.3, one of the highest scores in the financial services sector. The fact that you, our members, rate Corporate Central as “a name I can trust” as our highest attribute is something we do not take lightly. Thank you!

    Here’s to a prosperous and wildly successful 2018!

    Chris Felton
    President/CEO

    What's New & Who's Who

    Congratulations to Stephanie Schmidt, Manager Member Services for passing the Accredited ACH Professional (AAP) exam! We're so proud of you! We also welcomed a Senior Systems Engineer to the Corporate Central team. We're happy to have you on board, Ryan McMillan!

         

    FUNdraising

    Corporate Central staff were thrilled to be able to make the Christmas season a little bit brighter for many children who might not have otherwise experienced the joy of the holidays by donating new toys to The Christmas Clearing Council of Waukesha County.

    Staff were equally generous in non-perishable food donations to Feeding America Eastern Wisconsin. For nearly 35 years, Feeding America has worked with members and partners to feed the hungry.

    Did You Know?

    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, by providing members with a Letter of Credit. To learn more about our low-cost, convenient solution contact John Hickey at (800) 242-4747 ext 156, or join us on January 23, 2018 at 11am CT for a free webinar.

    Credit Unions Connect

    All looks so yummy! Capital Credit Union hosted a bake sale to benefit their furry friends at Happily Ever After Animal Sanctuary. Can’t you just feel the love?

    Community-minded employees from Ascentra Credit Union spent time volunteering at River Bend Foodbank's Fill the Bowl event. Thanks for lending a hand to an amazing organization!

    A Great Read

    ATMs remain the leading touch-point for a financial institution to interact with account holders. The quality of the ATM cardholder experience drives loyalty. As ATM malware continues to spread globally, security experts advise financial institutions and other ATM deployers to update to Windows 10 as soon as possible to address the software vulnerabilities of previous operating systems. Better security = better bottom line.

    Our Family of CUSOs


    Emergifi provides credit union technology solutions that improve productivity and security, and reduce costs 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. Eliminate the burden of routine information technology (IT) operations and maintenance. With our approach, quickly and efficiently access technologies you need, when you need them. We optimize your credit union information technology operations, so you may focus on your business. Our managed, cloud computing approach offers credit unions large and small the following benefits.


    According to a new video released by InterLutions, credit unions can now access healthcare big data that will help HR staff create more attractive and affordable employee benefit packages. The enhanced data is available through I-Care, a community of healthcare professionals, experts and analysts providing credit unions with employee benefit solutions. The video focuses on how collaborating through I-Care empowers credit unions to more accurately track and forecast future benefit costs, as well as identify their top cost drivers.

    The video’s testimonial providers compare employee benefit administration, costs and benefit offerings both before and after acquiring access to I-Care’s big data. Video participants include Fox Communities Credit Union AVP of HR Terri Green; Kohler Credit Union CFO John Ehmann and HR Director Melissa Doebert; Landmark Credit Union CFO David Powers and HR Vice President Jodi Greenmeier; Educators Credit Union Chief People Officer Peter Stein; and InterLutions Chairman Chris Felton.


    Formed in June of 2017, Corporate Central Credit Union’s balance sheet optimization CUSO needed a name. Like most new entities, the name was to capture the essence of who we are and what we do for credit unions. We want to emphasize how we work with our credit unions and who we are as people. We also want to communicate what we can do for credit unions to help them perform better financially. To understand and manage any process, it must be properly measured. Financial performance is no exception. As financial institutions, we must understand the quantity of risk taken and measure that risk. We must also understand the expected return from taking that risk; thus, we quantify that risk. See our white paper on Defining Success to learn more.

    So who are we? We want to emphasize how we work, what we are here to do for credit unions and how we align our goals with the goals of our credit union clients. Our purpose, habits and incentives are clearly explained in this research piece on Phi.

    Displaying what we do and who we are, we arrive at QuantyPhi. We are proud of who we work for and who we are. The name QuantyPhi tells the world just that.

    Corporate Central Pays 7% Dividend on PCC Balances

    We are thrilled to announce that we will pay member credit unions a 7% dividend on all perpetual contributed capital (PCC) balances for the month of December. The payment is the highest in Corporate Central’s history and will be paid to member credit unions on December 31, 2017.

Upcoming Events

Measuring Liquidity in Your Investment Portfolio

Wednesday, June 20, 2018 12:00 PM - 12:30 PM Central Time (CST) | Webinar

This session will focus on internal liquidity in your investment portfolio. How do you measure liquidity? How do you build a portfolio for liquidity? What should you look for going forward?
 

WILD - Wisconsin Ideation & Local Development Initiative Information Session

Thursday, June 21, 2018 2:00 PM - 2:30 PM Central Time (CST) | Webinar

Join The League for this 30-minute informational webinar to learn more about the program.

Liquidity Solutions from Corporate Central

Tuesday, June 26, 2018 11:00 AM - 11:30 AM Central Time (CST) | Webinar

Join us for a 30-minute high-level webinar to explore the liquidity options available from Corporate Central including term borrowing, secondary lines of credit, letters of credit, student lending, issuing non-member deposits through SimpliCD, and more!

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

Tuesday, June 26, 2018 1:00 PM - 1:30 PM Central Time (CST) | Webinar

Join InterLutions and Lockton for this 30-minute educational webinar to learn more about the new solutions available from I-Care.

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

Tuesday, July 3, 2018 11:00 AM - 11:30 AM Central Time (CST) | Webinar

Join InterLutions and Lockton for this 30-minute educational webinar to learn more about the new solutions available from I-Care.

Best Practices for Moving to the Windows® 10 Operating System for ATMs

Tuesday, July 10, 2018 1:00 PM - 2:00 PM Central Time (CST) | Webinar

Join Corporate Central and Elan for this 60-minute educational webinar to learn more about moving to Windows 10 Operating System for ATMs.

WILD - Wisconsin Ideation & Local Development Initiative Information Session

Tuesday, July 10, 2018 2:00 PM - 2:30 PM Central Time (CST) | Webinar

Join The League for this 30-minute informational webinar to learn more about the program.

Resist Your Instinct and Make Better Balance Sheet Decisions with Better Analysis

Wednesday, July 18, 2018 12:00 PM - 12:30 PM Central Time (CST) | Webinar

Join QuantyPhi for this 30-minute educational webinar that will look at our quick decision-making process and help you prepare to make better a decision framework before decisions are made.

WILD - Wisconsin Ideation & Local Development Initiative Information Session

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

Join The League for this 30-minute informational webinar to learn more about the program.

Batman and Risk Assessments – BOOM!

Thursday, August 9, 2018 11:00 AM - 11:30 AM Central Time (CST) | Webinar

BAM! Join us as we unmask the various risk assessments at your credit union.
POW! Get ready to add a few gadgets to your risk management utility belts.
KABLAM! Learn why strategy and risk go together like the caped crusader and his sidekick.

Mergers and Acquisitions and the Critical Role of Vendor Management

Tuesday, August 14, 2018 1:00 PM - 2:00 PM Central Time (CST) | Webinar

This webinar will show you how to tackle this herculean task and give you the tools to: streamline and standardize your institution’s existing vendor management workflows to simplify post-merger activities; analyze whether audit processes and risk management oversight are aligned; evaluate which vendors to keep post-merger; find hidden costs within contract terms; and engage regulators to ensure a satisfactory transition.

Corporate CAFÉ Basics

Tuesday, August 21, 2018 11:00 AM - 11:30 AM Central Time (CST) | Webinar

Join Corporate Central for this 30-minute webinar where we will cover system requirements, types of users, layered security – VIP credentials, PINs, and passwords.

Economic Outlook Conference 2018

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

The Economic Outlook Conference will be held on Thursday, October 11, 2018 in Madison, WI at the Monona Terrace - Hall of Ideas EFHI.

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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