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    July 2017

    A Note From Chris

    I hope you’re all having a terrific summer!

    It’s been another busy month here at Corporate Central, as we recently launched a brand new website. This new website exemplifies the great strides we have taken to strengthen and modernize how we provide information to credit unions nationwide. In keeping with our mission to help members to be wildly successful, streamlining our site is a natural step forward in serving our members’ needs.

    We’re excited to share this updated resource with you as part of our digital transformation initiative. Please take a look through corpcu.com and let us know your thoughts!

    Chris Felton

    What's New & Who's Who @ CCCU

    Corporate Central welcomes three new employees to the Corporate Central team. Matt Cilla is our new Research Analyst, Nick Haisler is our new Investment Assistant, and Malisha Yang is our new Member Services Representative. Pictured from left to right Malisha, Nick, and Matt.

    Corporate Central's Family of CUSOs

    Find out what great things our Family of CUSOs has been up to this past month. QuantyPhi presented at a NASCUS Forum, InterLutions launched their own website, and Emergifi has been prepping to launch.

    Stay tuned for information about the launch of Emergifi, Corporate Central’s technology services CUSO. Emergifi will provide credit unions with services to leverage the cloud to evolve and achieve new levels of success. Service offerings will include business applications, email, storage, remote monitoring and management, backup, service desk, product procurement, compliance, endpoint security management and managed security. For more information contact Gregg Tushaus at (800) 242-4747 x 134.

    On July 25, InterLutions launched their website InterLutionsCUSO.com. We encourage you to explore the new website and learn about the innovative solutions offered to credit unions nationwide.

    On July 11, Kevin Chiappetta, President of QuantyPhi, presented at the Wisconsin Directors’ College hosted by NASCUS. Held at the Fox Valley Technical College in Appleton, WI, the day-long event provided the opportunity for credit union directors to stay on top of critical statutory, fiduciary and regulatory responsibilities, as well as emerging issues.

    Credit Unions Connect - Stories that Exemplify the Movement

    Clean Up Time on the Laramie River Greenbelt
    UniWyo Federal Credit Union in Laramie, WY has been sponsoring a portion of the Laramie City Greenbelt for approximately 10 years. As a sponsor, it is their responsibility to keep a ¼ mile portion clean by going out at least once a year. Nice work UniWyo!

    UniWyo Credit Union cleans up their portion of the Laramie River Greenbelt river walk

    Teeing Up for a Good Cause
    Northwoods Community Credit Union hosted its 16th Annual Charity Golf Classic on Saturday, July 15th at the Park Falls Country Club.  All the proceeds were donated to a local non-profit community group.  A different beneficiary is chosen each year.

    Mobile Tech: What's Next?

    A whitepaper provided by our partners at Malauzai

    Credit union experts reflect on emerging innovations for financial institutions

    Chat Banking—This could be the next big game changer, both in momentum and viability. “Visualize your members typing into Facebook Messenger or talking to Alexa to connect with you,” says Robb Gaynor, Chief Product Officer for Malauzai, Austin, TX.“This will change digital banking and self-service for members forever.” By year-end, he notes that CUs will see the first wave of conversational apps appear in the form of chatbots for Facebook or Alexa for balance inquiries. “By the end of 2018, we’ll all be talking about conversational banking as we enter a massive wave of technology designed to support this exciting new way of interacting with members.”

    New Websites for Corporate Central and its Family of CUSOs

    Corporate Central Credit Union recently launched a brand new website designed to facilitate easy navigation and provide valuable content relating to the credit union movement, the organization and Corporate Central’s family of CUSOs — EmergiFi, InterLutions and QuantyPhi.

    Wisconsin Innovation Group

    The deadline to apply or nominate a candidate for the inaugural Wisconsin Innovation Group is August 4. Sponsored by Corporate Central and The League, the Wisconsin Innovation Group will engage participants in the same innovation curriculum used in Filene's i3 program. Specifically, the program will:

    • cultivate the talent and drive of your credit union's current and future leaders
    • formalize an environment that consistently supports the development of solution-oriented financial services that "wow" your members and improve your outreach
    • involve participants (and their credit unions) in a nine-month process to develop financial products, services and business models that increase credit unions' relevance
    • culminate in an innovation showcase at The League's 2018 Annual Convention & Expo

    Don’t miss out on this great opportunity to advance the credit union movement through innovation!

    Corporate Central Comments on NCUA’s Proposed Changes to Corporate Credit Union Regulations

    On July 3, 2017, NCUA placed proposed changes to NCUA Rules & Regulations 12 CFR Part 704 – Corporate Credit Unions in the Federal Register and allowed for a sixty-day comment period. These proposed changes are important for several reasons: they affect corporate credit union Tier 1 Capital calculations, recognition of Retained Earnings acquired in a merger, and also create a Retained Earnings Ratio benchmark.

    "Corporate Central Summer Camp" Comes to a Close

    "Corporate Central Summer Camp" has come to a close. Our team shared many laughs and had a lot of fun along the way. We also accomplished our ultimate mission of making 1,000 paracord bracelets for Operation Gratitude.

    From left to right: Brian, Chad, Cherie, Fred, Dawn, Michele, Laurie, Kay, Kyle

Upcoming Events

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

Tuesday, December 12, 2017 1:00 PM - 2:00 PM Central Time (CST)

Credit unions can reduce their chargeback return risk and save time and money by using a new service from Corporate Central. Deposit Returns Source Capture is a web-based platform that allows a credit union to receive electronic chargeback files and quickly make decisions on either redepositing those checks or returning them to members.

Our Family of CUSOs

Emergifi Logo Interlutions CUSO Quantify CUSO

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