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    September 2017

    A Note From Chris

    As fall begins, we all start preparing our budgets and strategic planning sessions to ensure a successful 2018. Our flagship event, the annual Economic Outlook Conference, arrives just in time for credit unions’ budget and planning preparations. Attendees will bring back to their credit unions valuable information on the current and upcoming economic environment from this year’s diverse speaker lineup. I hope to see all of you there!

    It was a pleasure to attend this year’s “Hike the Hill” event in Washington D.C. It is a testament to the strength and passion of the movement when so many credit union leaders head to D.C. to connect with legislators and advocate on behalf of all our credit union members at the national level. If you have never attended a Hike the Hill event, I strongly encourage you to do so. The Wisconsin Credit Union League did an amazing job putting on the event for Wisconsin credit unions. The Credit Union House on Capitol Hill was a perfect forum to engage with representatives, and it provides a very special and unique advocacy opportunity for everyone. Your voice matters. Thank you, Wisconsin Credit Union League – job well done!

    Chris Felton

    What's New & Who's Who

    Congratulations to Shannon Cate who celebrated her third anniversary with Corporate Central this month. Shannon is a Member Services Representative with a passion for credit unions.

    Fred was a guest speaker at The League’s Compliance Roundtable on September 14 in Pewaukee. Fred is Corporate Central’s Project & Compliance Risk Manager.

    On August 30, Nick Fanning, Corporate Central’s SVP/Chief Financial Officer, served as a panelist during a discussion at the National Association of State Credit Union Supervisors (NASCUS) Summit 2017.

    Our Family of CUSOs

    Our CUSO offering custom-built credit union technology solutions is here! Emergifi provides credit union technology solutions that improve productivity and security, while reducing cost 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.

    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.

    InterLutions is ecstatic about the success our members are experiencing through the new and innovative revenue enhancement solution, CU-Save.

    CU-Save identifies previously undiscovered opportunities for growth and savings. The service helps credit unions align expenses with appropriate benchmarks and fosters quality, long-term supplier partnerships. By offering unique benchmarking analysis from industry experts, CU-Save helps credit unions negotiate competitive and value-added contracts.

    “CU-Save helped our credit union negotiate contracts for our plastic cards and we were extremely happy with the results,” said Lisa Gilligan, President/CEO of N.E.W. Credit Union. “They were very professional to work with, little work was required on our part, and they helped find places to improve our bottom line. We will definitely utilize them for future contract negotiations.”

    “I can trust that nothing will fall through the cracks,” said Kurt Johnson, CFO of Educators Credit Union. “Their track record for following through with the plan, both on time and on the money, is unquestionable.”

    There’s still time to join the QuantyPhi team at CentralAlliance Credit Union on Wednesday, October 4 for a Strategic ALM Workshop.

    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?

    As is always the case, the odds of successfully forecasting interest rates are no better than a coin flip. A solid ALM process remains critical to your credit union’s success. This workshop highlights best practices in the ALM arena.

    The program is designed for CEO’s, CFO’s, ALCO members and financial management staff involved in actively managing the balance sheet. The session lays the foundation for developing an understanding of interest rate risk and key interest rate risk measurements. The afternoon agenda is designed for those directly responsible for monitoring and managing the credit union’s interest rate risk. Focus is on aligning investment analysis with balance sheet rate risk position.

    Register for this valuable conference now!

    Credit Unions Connect
    Stories that Exemplify the Movement

    DuPage Credit Union Relay for Life Team Raises over $8,400
    Members of the DuPage Credit Union team and their families took part in the American Cancer Society’s annual I-88 Corporate Relay for Life August 18 in Lisle; raising $8,465 in donations.

    Throughout the year, DuPage Credit Union raised funds through personal fundraising efforts and the sales of luminaire, candy and pastries. DuPage Credit Union Members contributed by donating their Visa Credit Card Rewards Points and making monetary donations.

    WESTconsin Credit Union Helps with Hurricane Relief Efforts
    WESTconsin Credit Union in Menomonie, WI is helping with Hurricane Harvey relief efforts. These boxes were STUFFED FULL. Items were donated by WESTconsin Credit Union employees and sent to the victims of Hurricane Harvey. Items will be distributed by Cornerstone Credit Union League—thank you! The total weight of the items sent to Texas was 384 lbs. WOW!

    A Great Read

    A Whitepaper Provided by our Partners at Ncontracts

    Uncovering Unknowns
    Financial institutions aren’t just responsible for their own business continuity plans—they must also ensure that critical vendors have properly drafted, executed and tested plans. This requires that institutions recognize the connection between vendor management and business continuity. By uniting the efforts of these two teams, institutions can develop better approaches to risk assessment, due diligence, contracts and monitoring resulting in more efficient operations and a stronger business continuity plan.


    And They're Off!
    The 2017 Corporate Central Summer Olympics have kicked off. The team has been keeping busy with events happening every week ranging from a puzzle challenge to creating their own mini golf course.

    The primary goal of Corporate Central’s Summer Olympics is to raise money for Special Olympics of Wisconsin.

    Did You Know?

    QuantyPhi’s A/L model validation solution reviews six important areas of Interest Rate Management (IRR).  Observing the Asset Liability model input, assumptions and output, we will document the process of IRR measurement, suggest any changes to the process necessary and review relevant policies related to IRR measurement and management.  Email us at sales@quantyphi.com or visit our website at quantyphi.com for more information.

    International Credit Union Day

    To support International Credit Union (ICU) Day on October 19, Corporate Central invites you to share a video that thanks employees and volunteers for all their contributions to the credit union movement.

Upcoming Events

Monday Market Monitor

Monday, October 1, 2018 3:30 PM - 4:00 PM 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.

Top 5 Best Practices for Patch Management to Protect Your Data Today

Thursday, October 4, 2018 11:00 AM - 11:30 AM Central Time (CST) | Webinar

Join Emergifi for this 30-minute educational webinar to learn actionable items you can implement today to ensure systems are secure, free of vulnerabilities, and operate your credit union without interruption.

Contactless Payments are in Your Credit Union’s Future

Thursday, October 4, 2018 1:00 PM - 2:00 PM Central Time (CST) | Webinar

Join Corporate Central and Elan for this 60-minute educational webinar for an update on contactless implementations in the U.S. and across the globe; learn the benefits of contactless payments for credit unions and their cardholders; and find out more about implementation best practices and recommendations.

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.

What Does a Liquid Balance Sheet Look Like?

Wednesday, October 17, 2018 12:00 PM - 12:30 PM Central Time (CST) | Webinar

Join QuantyPhi for this 30-minute educational webinar to learn more about liquid balance sheets.

How to Effectively Shop Your Bond and Insurance

Wednesday, November 7, 2018 11:00 AM - 11:45 AM Central Time (CST) | Webinar

Join InterLutions and Lockton for this 45-minute webinar to learn three simple, yet impactful, ideas that any credit union can easily adopt to significantly lower bond and insurance costs, as well as make sure the credit union is properly protected.

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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