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    December 2020

    A Note from Chris

    With the end of 2020 in sight (thankfully!), we want to thank you for the trust you have placed in us and for the relationships that we have built with you. We hope you all find joy, love, and peace this holiday season. From all of us at Corporate Central, we wish you and your families a safe, happy holiday season and a prosperous, healthy new year to follow. Merry Christmas!

    Chris Felton's signature

    Chris Felton
    President/CEO

    What’s Trending?

    Dreading a dark winter lockdown? Think like a Norwegian.

    Studies show people living in the Arctic Circle are armed with a mindset that helps combat the long ‘polar night.’ It might come in handy for all of us this winter.

    Read the Article

    Technology Solutions

    Budgeting season is upon us. Where are you spending your IT budget?

    Emergifi's virtual Chief Information Officer (CIO) is an experienced, multi-faceted senior technology professional who serves as a virtual, part-time CIO for an organization that cannot afford or does not need a full time executive.

    Key benefits:

    • Strategic – work strategically, yet deliver reality
    • Experience – experienced technology leaders; credit union focus, and perspective
    • Business-focused – business drivers feed technology
    • Liaison – make your technology suppliers/outsourcing and staff work successfully
    • Value – increase agility, virtual position with flexible cost structure
    • Return – align technology spending with business objectives, define and measure ROI
    • Reduce risk – temporary to long-term in your control
       

    Tracie Wills, President of M.E. Employees Credit Union said, “Emergifi's program where a credit union pays a monthly fee for a virtual CIO is a game changer for us. We couldn’t possibly hire a part-time IT professional for that amount and yet, we get the expertise, support, and all the benefits of having an entire full-time IT professional team on staff with Emergifi’s program. The support and preparation work Emergifi does for us during our examinations is worth its weight in gold all on its own!"

    Schedule a meeting with us today to get started.

    Employee Benefit and Insurance Resources

    Three ways a new administration could impact healthcare.

    With the presidential election now in the rearview mirror, healthcare policy experts are weighing how the industry may be affected when the White House changes hands from Trump to Biden. Experts say there are three key issues that a Biden administration would likely try to change, including a push for more healthcare coverage considering the mounting job losses stemming from the pandemic. First, throughout Biden’s campaign, he proposed the creation of a public insurance option like Medicare for customers on the individual market. Second, there is growing consensus towards a transition from Medicare fee-for-service to value-based care which has bipartisan support. Biden’s health plan includes several proposals aimed at closing gaps in healthcare among racial groups, including boosting funding to community health centers. Third, Biden’s plan is to lower the age that seniors become eligible for Medicare from 65 to 60. If Biden succeeds, this will require an act of Congress and could greatly expand the populations of beneficiaries eligible for both Medicare and Medicaid. No matter the outcome, I-Care is prepared to provide premium healthcare services to credit union employees. To learn more about I-Care, visit InterLutionsCUSO.com or call us at (414) 433-0174.

    Read the Article

    Financial Services Consulting

    A look back at November…from QuantyPhi’s perspective.

    November continued to keep things interesting as we got through the presidential election and received news of two promising COVID-19 vaccines on the near horizon. A national surge of COVID-19 cases ahead of the Thanksgiving holiday clouded the issue and kept yields level when the smoke settled.

    Danny McIntyre hosted QuantyPhi’s November webinar discussing one of our favorite topics, balance sheet optimization. The webinar highlighted best practices in asset liability management and how benchmarking can help you define the role your credit union investment portfolio needs to play to support your balance sheet. If you were not able to join the webinar a link to the recording is available on YouTube.

    If, like most of us, you have spent too much time wondering what cat dander has to do with building your portfolio or how you can make your ALCO fun, a new video has been released explaining both. The second of four QuantyPhi “fun videos” is out. The series injects a little humor into the series business of balance sheet optimization.

    Watch the Video

    Did You Know?

    InterLutions has helped 30 credit unions save $10 million through enhanced contract negotiation. InterLutions offers a program, called CU-Save, that reviews third-party vendor contracts to realign pricing, increase incentives and income, and remove restrictive service requirements leading to a much-improved and mutually beneficial agreement. Roughly 90% of credit unions have realized through the program that they were paying their vendors too much. Given the high probability of success, an initial cost-savings assessment is available at no cost or obligation to credit unions.

    Read the Press Release

    Credit Unions Connect

    Stories that exemplify the movement

    Co-op Credit Union donates to organizations in their community hit hardest by the pandemic.

    Co-Op Credit Union handing checks to organizations

    Co-op Credit Union presented $28,000 to five different organizations including Feed My People Food Bank, Bolton Refuge House - Jackson County Outreach, New Horizons Shelter and Outreach Centers, Inc., the Ho-Chunk Nation Food Distribution Program, and the G-E-T Community Food Pantry. The credit union stated, “These community organizations are doing such important work to keep our friends and neighbors fed, healthy, and safe, and we are proud to play a role in supporting them in their mission.”

    Members Cooperative Credit Union helps ensure kids do not go hungry on the weekends.

    Members Cooperative Credit Union with a check for Second Harvest

    Members Cooperative Credit Union recently donated $2,000 to Second Harvest Northern Lakes Food Bank and their backpack program. The program provides more than 33,000 weekend bags of food annually to Northeastern Minnesota and Northwestern Wisconsin children.

    Read More Credit Union Stories

    Our Community

    Corporate Central supports Christmas with the Vets.

    Chad handing Doc a check

    Christmas with the Vets was started by Jeff “Doc” Dentice, a Vietnam veteran, in 1988. The event is designed to provide some holiday cheer to the hospitalized veterans at the Milwaukee VA Medical center and is made possible through several fundraising efforts. Corporate Central has been a proud supporter of this event since 2016 and each year strives to do more! We are proud to share that throughout the month of November, Corporate Central staff donated enough items from an Amazon Wishlist (flannel shirts, hooded sweatshirts, socks, and toiletries) to fill three large boxes; Chad Ullenberg, Investment Analyst at Corporate Central and an Army Veteran, presented a generous donation from Corporate Central to Doc; and several staff members gathered at the office on a Saturday morning to fill 300 stockings that Doc will deliver to the vets on Christmas.

    Corporate Central staff with doc and stuffed stockings for veterans

    Learn More About Our Community

    What’s New and Who’s Who

    Emergifi welcomed Jonathon Weber as a Business Development Executive.

    Jonathon Weber

    Jon joined Emergifi in November of 2020 as a Business Development Executive. Jon focuses on selling IT services to credit unions across the United States. In a previous role, Jon sold HRIS software to credit unions in the western part of the United States. He leads all aspects of the sales process and focuses on building relationships with credit unions to build trust in outsourcing IT needs to Emergifi.

    Jon has 13 years of selling experience and three years of experience selling to credit unions, mostly in the HRIS space. Jon uses his experience in the industry to help credit unions take the IT burden off their hands so employees can focus on other tasks. While not working, Jon likes to spend his spare time enjoying college football and the NFL, cooking, golfing, and spending time with his family.

    Read the Press Release

    Learn More About the Emergifi Team

Upcoming Events

Monday Market Monitor


1/1/0001 12:00 AM Central Time (CST) | Conference Call

The Monday Market Monitor is a weekly conference call geared toward credit union investment managers. It will provide up-to-date economic highlights, yield curve analysis, investment product recommendations, and a forecast for the upcoming week.

Dare to be Boring! Using the Treasury Curve to Your Advantage

3/17/2021 2:00 PM - 3/17/2021 2:30 PM Central Time (CST) | Webinar

From a total return standpoint, there may be a sweet spot on the treasury curve which offers low premiums and no prepayment risks. Join QuantyPhi and find out where we are finding the value.

An Exclusive and Collaborative Employee Benefits Solution for Credit Unions

3/30/2021 1:30 PM - 3/30/2021 2:00 PM Central Time (CST) | Webinar

InterLutions was formed to provide credit unions with enhanced employee benefits at lower costs. Join us as we dive into into innovative solutions that leverage data, technology, and collaboration to drive down credit union health care costs.

Ctrl+Alt+Innovate

4/7/2021 9:00 AM - 4/8/2021 11:00 AM Central Time (CST) | Virtual

Join credit unions across the Midwest on Wednesday, April 7 and Thursday, April 8 for Ctrl+Alt+Innovate. This event is the shortcut you need to advance with fintechs and power financial growth.

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