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    October 2017

    A Note From Chris

    Educating and providing you easy-access to industry expertise is a high priority at Corporate Central. As we prepare and finalize our 2018 calendar of events, please provide us with any recommendations on educational topics and your specific needs. We have a diverse group of credit union experts here at Corporate Central, and can deliver presentations based on asset/liability management, digital transformation, risk management, economic & financial trends, employee benefit strategies, and more. I’m especially excited to finalize our ALM education conference schedule, hosted at member credit union locations around the Midwest. Stay tuned for a robust 2018 calendar of events focused on you!

    Chris Felton
    President/CEO

    What's New & Who's Who

    Congratulations to Chad Ullenberg for celebrating his second anniversary at Corporate Central as an Investment Analyst.

    We are excited to welcome Chris Geisler to our team! Chris is our new Business Development Manager who will be working with Michigan credit unions. Glad to have you on board, Chris!

    Our Family of CUSOs

    Emergifi is our wholly-owned CUSO providing 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. 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.

    What is I-Care?
    The initial product offering delivered through InterLutions, I-Care was established through a credit union driven collaborative initiative, empowering credit unions to take control of their increasing healthcare challenges by providing affordable, competitive, and sustainable coverage and benefits for their employees.

    Why join I-Care?

    • Moving to I-Care was transparent to our employees, seamless to HR, and reduced our health insurance fixed costs by over 25%. -- Landmark Credit Union
    • I-Care gives us the opportunity to give our employees what they deserve. -- Kohler Credit Union
    • The transition was seamless, our costs are in line with what we projected, and the service has been great. -- Educators Credit Union
    • Flexibility of plan design, along with the potential for significant cost savings and future wellness programs, made I-Care the best option for us. -- Fox Communities Credit Union

    Check out InterLutionsCUSO.com to learn more.

    Like most credit union executives these days, you wear a lot of hats. You're busy beyond busy, and your needs are constantly changing - especially as balance sheets become more complicated and portfolios become more sophisticated. To complicate things further, you may not have the time, tools and training needed to keep risk and opportunity balanced for peak performance.

    But...what if your credit union had an experienced partner that could:

    • Help maximize day-to-day balance sheet performance?
    • Do the never-ending math you don't have time to do?
    • Expertly adjust plans and projections as markets and goals change?
    • Run "what-if" scenarios and strategize for you?
    • Find opportunity on both sides of the balance sheet?
    • Build a balance sheet with muscle, flex and stamina?

    Check out our informational video or learn more at QuantyPhi.com

    Credit Unions Connect

    Stories that Exemplify the Movement

    Empower Credit Union Walking for a Cause
    Empower Credit Union raised over $3,500 for the Lung Force Walk and was one of the top fundraising teams! Way to go Empower Credit Union!

    Educators Credit Union Builds Bikes and Relationships
    As part of a surprise team-building activity, Educators Credit Union helped build 50 bikes that will be donated to the Boys & Girls Club during the holidays.

    A Great Read

    A White Paper Provided by our Partners at Strategic Resource Management

    On the Acquisition Trail? Don’t Overlook Your Vendor Contracts
    Acquisition continues to be a preferred strategy for financial institutions (FIs) seeking to gain economies of scale while also expanding service offerings and reach. Choosing the correct merger candidate usually centers on factors like strategic fit, market footprint and business integration. There is another less exciting but important factor to consider during these talks: vendor contracts which can cause costly, tactical headaches if not identified early in the process. However, if the contracts are assessed early enough in the acquisition process, an institution can reap benefits greater than expected through due diligence process.

    FUNdraising

    International Credit Union Day
    As part of Corporate Central’s initiative to celebrate International Credit Union Day, during the month of October we held fundraising efforts to help support the Boys & Girls Club of the Greater Milwaukee Area along with the Next Door Books for Kids program. We are proud to say that our team pulled together to make generous contributions to both of these amazing organizations.

       

    Did You Know?

    Did you know that Corporate Central offers a solution for members to process International ACH payments? As global payment needs expand for financial institutions, Corporate Central is pleased to offer a FedGlobal® Interface, a streamlined cross-border payment process to help meet those growing needs. This low cost ACH service helps simplify the origination process for sending cross-border credit payments to more than 25 countries around the world, as well as debit payments to Canada. Please visit our website or contact us at (800) 242-4747 to learn more.

Upcoming Events

Ramping Up Your Student Loan Program

Tuesday, November 28, 2017 1:00 PM - 1:45 PM Central Time (CST)

This webinar will review the Smart Option Student Loan Referral Program. We will review the program guidelines as well as the best marketing practices for the upcoming mini peak season.

Courtesy Pay Class Action Lawsuits

Wednesday, November 29, 2017 2:00 PM - 3:00 PM Central Time (CST)

Credit unions have exposure to class actions in many areas, with one of the most threatening being courtesy pay lawsuits.

Vendor Risk Management: Navigating the Evolving Regulatory Landscape

Thursday, December 7, 2017 11:00 AM - 11:45 AM Central Time (CST)

Every financial institution has hundreds of third-party service providers assisting them with their business operations. What if one or more of them wasn’t viable from a risk perspective?

Strategic ALM Workshop - Onalaska, WI

Tuesday, December 12, 2017, All Day

Despite three Fed rate hikes, the future path of interest rates remains uncertain. Will the economy stumble in a higher rate environment forcing a reverse course or will the Fed have room to continue pushing fed funds higher?

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.

Strategic ALM Workshop - Madison, WI

Wednesday, December 13, 2017, All Day

Despite three Fed rate hikes, the future path of interest rates remains uncertain. Will the economy stumble in a higher rate environment forcing a reverse course or will the Fed have room to continue pushing fed funds higher?

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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