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    October 2019

    A Note From Chris

    October is a very special month for credit unions. Every year, on the third Thursday of the month, we celebrate International Credit Union Day. This day allows us to reflect on the tremendous work that credit unions are doing across the globe. It also encourages us to collaborate more with one another and get more engaged. I encourage all of you to reflect on the stories that shape your credit union and share the memories that you have made with your members.

    Chris's Signature

    Chris Felton

    What’s Trending?

    What does it take to create a hyper-relevant financial institution?

    The standard retail banking model is under siege. Marketing alone cannot bring about the necessary transformation, but under the direction and vision of a new model CMO, traditional institutions can (and must) match the experience-driven advantages of new types of competitors that consumers love.

    Read the Article

    Technology Solutions

    Does your credit union have a succession plan for IT?

    A virtual CIO is an experienced, multi-faceted senior technology professional who serves as the virtual/part-time Chief Information Officer (CIO) for smaller credit unions that otherwise could not afford a full time executive. In larger credit unions, sudden turnover or a planned retirement within IT leadership may turn a former area of staff strength into an area of concern. In either scenario, Emergifi’s virtual CIO services can help.

    Credit unions need a senior technology leader who understands credit unions and provides technology direction that supports you.

    The following are typical responsibilities of the Emergifi virtual CIO:

    • IT and business strategies alignment
    • IT leadership and management
    • Key performance metrics definition
    • Performance status reports
    • ROI evaluation and budgeting
    • Resource management
    • Service provider partnerships management
    • IT and business risk management
    • Business processes design and optimization
    • IT technology standards definition
    • IT governance
    • IT security and compliance management
    • Contract review and negotiation
    • Board advisory

    As you budget and prepare for the future of your credit union, consider Emergifi’s virtual CIO services for your IT succession plan.

    Learn More About Virtual CIO Services

    Employee Benefit Resources

    The I-Care Association Health Plan for credit unions in Wisconsin is launching soon.

    Earlier this year, InterLutions introduced an Association Health Plan (AHP) for Wisconsin credit unions. An AHP allows businesses with ‘common interests’ to band together to form an association, like our credit union industry, which then collectively acts as a larger singular entity that can purchase health insurance. An AHP allows for greater savings as well as added features and benefits that are typically only afforded to larger companies.

    The I-Care Wisconsin AHP officially launched today, October 1. To save money on healthcare costs and expand employee benefit offerings, credit unions with October medical insurance plan renewals are joining I-Care’s AHP. Several other credit unions with November, December, and January renewals have also committed to join this collaborative and competitive model.

    The I-Care AHP truly demonstrates the power of collaboration among credit unions, which continues to be a core reason for our success as a movement. Saving money on healthcare costs, creating greater efficiency in HR departments, and further expanding employee benefit offerings is what it is all about!

    Not based in Wisconsin? Don’t fret. InterLutions is already exploring the potential to expand this collaborative model for credit unions across the country. If you are interested in evaluating this program or if you have any questions, please contact us.

    Contact Us to Learn More

    Financial Services Consulting

    Stay in the know with past, present, and future educational opportunities.

    QuantyPhi strives to provide credit unions with quality educational offerings and resources that are relevant and have your credit union’s best interest in mind. We invite you to join us on the third Wednesday of every month at 2:00 p.m. CT for our 30-minute webinars that touch on a variety of topics to help you optimize your balance sheet. If you miss one, no worries. We record our webinars so simply contact us and we can send you the link. If you have a topic in mind that you would like to learn more about, we would love to hear from you! Please send us your suggestions.

    Did you miss QuantyPhi’s September webinar about learning how to calculate basic returns on loan pools? Kevin Chiappetta presented basic terms used in loan pools, when to use certain measures, and how to build a simple spreadsheet to help understand return possibilities of each loan pool. Access the recorded webinar here.

    On Wednesday, October 16 at 2:00 p.m. CT, QuantyPhi will present a webinar on following the benchmarking process titled, “Planning and Following Through. A Success Story.” A case study will be presented on setting investment goals and how the benchmarking process exposed risk and guided a credit union to better performance from the investment portfolio, while managing interest rate risk. Join QuantyPhi for this 30-minute webinar to hear the story. Save your spot.

    Explore Other Opportunities Through QuantyPhi

    Did You Know?

    International Credit Union Day dates to 1948, but the history of credit unions goes back so much further.

    According to the World Council of Credit Unions, the U.S. Credit Union National Association (CUNA) decided to initiate a new national credit union day celebration in 1948. CUNA and CUNA Mutual Insurance Society set aside the third Thursday of October as the national day of observance. By then, many of America's credit union leaders believed there was a need for an occasion that would bring people together to reflect upon credit union history and achievements and to promote the credit union idea across the country. Credit unions, state credit union leagues in the United States, and many of the informal credit union chapters in each state were encouraged to celebrate the new holiday in some way. It was to be a time for raising funds for movement causes and to pay homage to the men and women who had dedicated their lives to credit union development.

    Take Me Back in Credit Union History

    Credit Unions Connect

    Stories that exemplify the movement

    A credit union’s support of a local project goes a long way addressing food insecurity in their community.

    Members 1st Community Credit Union loading a car full of donations

    MEMBERS1st Community Credit Union in Marshalltown, IA recently donated a carload full of non-perishable food items to Sal's Cupboard, a local food pantry. Sal’s Cupboard is a food pantry run by the Salvation Army in Marshalltown that takes a unique approach to helping residents in need. Rather than handing out boxes with a variety of foods, families can leave behind food they don’t want and shop around for their favorites.

    It’s a beautiful day and a beautiful way to give back in the neighborhood.

    Northridge Community Credit Union employees building homes

    Northridge Community Credit Union in Hoyt Lakes, MN recently partnered with Habitat for Humanity to work on building houses in their community.

    Read More Credit Union Stories

    Our Community

    It’s never too early to spread some holiday cheer.

    Raffle items Corporate Central donated Corporate Central employees at the fundraiser

    Jeff “Doc” Dentice, who served as an Army medic in Vietnam, and his friend Mike Lango, a Vietnam Vet Marine, decided to throw a holiday party for their fellow Veterans on a winter day in 1988. Little did they know that party was the start of something so much bigger. This year, Doc will be hosting the 32nd Annual Christmas with the Vets show.

    Corporate Central has been a proud supporter of this event since 2016. In September, staff donated several raffle items for a fundraising event as Doc is gearing up for this year’s Christmas with the Vets show. We hope this will be the most successful year yet!

    Learn More About Our Community

    What’s New and Who’s Who

    Dace Bregantini recently joined our team as a Financial Strategist.

    Dace Bregantini

    Corporate Central and QuantyPhi are excited to welcome Dace Bregantini as a Financial Strategist. Dace will be working with credit unions on methods to proactively manage their balance sheets, while providing fiduciary expertise to credit union decision-makers. Dace recently graduated from UW-Milwaukee with two bachelor’s degrees in Finance and Accounting. In addition to his two majors, he participated in the UW-Milwaukee Investment Management Certificate Program. Prior to joining our team, Dace spent 18 months conducting fixed income analysis and due diligence. Currently, he is in pursuit of his CFA charter and has passed the level I exam. Welcome, Dace!

    Learn More About Our Team

    Wild Adventures with Leo

    Leo goes for the gold at the first Cream City chapter meeting.

    Leo with ladies from Brewery Credit Union Leo with ladies from Brewery Credit Union 

    Leo with ladies from Brewery Credit Union Leo with ladies from Focus Credit Union

    The Cream City chapter held their first meeting of the season at Corporate Central on Thursday, September 12. Leo couldn’t wait to participate in the Credit Union Olympics. Challenges included bags, darts, and foosball. Although he may not have done so well in competition, he really hit it off networking with the attendees.

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.

2020 CUNA Governmental Affairs Conference

2/23/2020 12:00 PM - 2/27/2020 6:00 PM Eastern Time (EST) | Washington, D.C.

Join Corporate Central, The Wisconsin Credit Union League, and Credit Union National Association at CUNA's national GAC!

Offer Student Loans to Your Members

2/25/2020 10:00 AM - 2/25/2020 10:45 AM Central Time (CST) | Webinar

Join Corporate Central and Sallie Mae for this 45-minute webinar to learn more about the Smart Option Student Loan Referral Program.

QuantyPhi Presents an ALM Workshop

3/24/2020 9:00 AM - 3/24/2020 4:00 PM Central Time (CST) | Muskego, WI

This workshop highlights best practices in the ALM arena to help you manage your balance sheet and support loan growth across the spectrum of interest rates. The interactive session will dissect each component of QuantyPhi's Balance Sheet Optimization process in detail.

Ramping Up Your Student Loan Program

4/7/2020 10:00 AM - 4/7/2020 10:45 AM Central Time (CST) | Webinar

Join Corporate Central and Sallie Mae for this 45-minute webinar to learn more about the program guidelines as well as the best marketing practices for the upcoming peak season.

Faster Payments Symposium

4/14/2020 8:00 AM - 4/14/2020 4:00 PM Central Time (CST) | Grafton, WI

Corporate Central will present at WACHA's new Faster Payments Symposium on April 14, 2020.

2020 League Annual Convention & Expo

5/6/2020 9:00 AM - 5/9/2020 12:00 PM Central Time (CST) | Appleton, WI

Join Corporate Central and The Wisconsin Credit Union League at The League's Annual Convention & Expo.

Credit Union Day at the Ballpark Fundraiser

7/26/2020 11:00 AM - 7/26/2020 4:00 PM Central Time (CST) | Milwaukee, WI

Save the date! Corporate Central and The League will be hosting Credit Union Day at the Ballpark, a fundraising event to benefit Children’s Miracle Network, The National Credit Union Foundation, and The Wisconsin Credit Union Foundation.

2020 League Invitational

8/26/2020 9:30 AM - 8/26/2020 6:30 PM Central Time (CST) | Wisconsin Dells, WI

Join Corporate Central and The Wisconsin Credit Union League for the 22nd Annual League Invitational!

2020 Economic Outlook Conference

10/13/2020 8:00 AM - 10/13/2020 3:30 PM Central Time (CST) | Waukesha, WI

The Economic Outlook Conference will be held on Tuesday, October 13, 2020 at Milwaukee Marriott West in Waukesha, WI.

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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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