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    September 2019

    A Note From Chris

    It’s incredible how the summer months fly by so fast. September is here, which means preparing our budgets and scheduling strategic planning sessions are right around the corner. To assist you with your planning efforts, we invite you to attend our annual Economic Outlook Conference on Thursday, October 10. Attendees will bring back to their credit unions valuable information about the current and upcoming economic environment from a diverse speaker lineup. I hope to see all of you there!

    The “Hike the Hill” event in Washington D.C. is also coming up soon. 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 attend. Your voice matters!

    Thanks,

    Chris's Signature

    Chris Felton
    President/CEO

    What’s Trending?

    How could a cashless future impact the credit union industry?

    The verdict is in – society is moving toward a cashless future. According to a recent report by Visa, a mere 11% of consumers prefer cash payments to credit. This number will only decrease as members of Gen Z join the workforce and start to make financial decisions in today’s world. In fact, an Accenture survey found that “68% of Gen Z consumers are interested in instant person-to person payments – more than any other age group.” Credit unions must fervently answer this call and strategically plan for changing demographics and their dynamic needs.

    Read the Article

    Technology Solutions

    Emergifi will present at the 2019 CUNA Technology Council Conference.

    Gregg Tushaus, President of Emergifi, will be presenting Cloud Migration Journey: Credit Union Case Study at the 22nd Annual CUNA Operations & Member Experience Council and Technology Council Conferences, September 11-14, 2019 in Chicago, IL. Credit union professionals attend these conferences to learn and discuss the latest trends in the credit union industry and to learn new, innovative strategies they can bring back to their organizations. Gregg’s presentation will document a credit union cloud migration journey transforming an organization’s technical culture from one focused on costly and time-consuming maintenance activities (like maintaining servers) to high-value, strategic activities that create opportunities, empower innovation, and drive business results. Attendees will learn how digital transformation and cloud migration delivers or enhances resiliency, collaboration, efficiency, productivity, and agility.

    Learn More About the Conference

    Employee Benefit Resources

    I-Care’s Association Health Plan is launching in October!

    The power of collaboration among credit unions continues to be pillar of our success as a movement. Thanks to a significant number of Wisconsin credit unions for evaluating and completing the I-Care Association Health Plan (AHP) feasibility study, which we are launching early next month! Credit unions with October medical insurance plan renewals are joining I-Care’s AHP, while several more credit unions with November, December, and January renewals have committed to joining the collaborative model soon. An AHP allows small employers to band together to purchase the types of competitive coverage that are typically only available to large employers, which can be less expensive and better tailored to the needs of their employees. Our feasibility study conducted throughout 2019 is proving to save credit unions money while delivering enhanced services to their HR departments. If you haven’t yet evaluated I-Care’s AHP, please contact us soon to discuss how the power of collaboration can positively impact the benefits you provide to your most important asset – your employees!

    Learn More About InterLutions' Association Health Plan

    Financial Services Consulting

    QuantyPhi strives to provide education, tools, and resources to help your credit union.

    Kevin Chiappetta, President of QuantyPhi, recently presented two units at the CUNA Investment Certification School in Chicago, IL. The units covered Key Principals and Financial Characteristics and Developing Risk and Return Requirements for Investment Portfolios. The CUNA Investment Certification schools are designed to help credit union professionals strengthen investment management skills and improve processes and operations for guiding credit union investment strategies.

    Did you miss QuantyPhi’s August webinar? Danny McIntyre presented an optimal strategy that identifies where decision making in your investment portfolio can support your credit union’s ability to continue loaning to members. Access the recorded webinar here.

    On Wednesday, September 18 at 2:00 p.m., QuantyPhi will present a webinar on calculating returns on loan pools. The webinar will cover basic terms used in loan pools, how to recognize when to use certain measures, and how to build a simple spreadsheet to help understand return possibilities of each loan pool. Save your spot!

    Discover More Resources

    Did You Know?

    InterLutions’ CU-Save program recently welcomed ten new credit union partners.

    CU-Save, the revenue enhancement and cost reduction service offered by InterLutions, recently welcomed ten new credit union partners, located across four different states, with asset sizes ranging from $65 million to $1.5 billion. The program delivered savings in the six-figure range for several of its participating credit unions. According to the most recent cost reduction data report, the 25 credit unions that have subscribed to CU-Save since mid-2017 have experienced a combined total savings of over $2.6 million. CU-Save specializes in card processing and branding, core processing, Internet banking, ATM purchasing, equipment maintenance agreements, merger and acquisition contracts, merchant processing, telecommunications evaluation, and now intelligent automation.

    Learn How CU-Save Can Help Your Credit Union

    Credit Unions Connect

    Stories that exemplify the movement

    TruStone Financial Foundation donated $1,000 to community members in need.

    TruStone Financial Federal Credit Union donating a $1000 check to CROSS Services

    In celebration of TruStone Financial Federal Credit Union’s 80th anniversary, the TruStone Financial Foundation in Minneapolis, MN donated $1,000 to CROSS Services. CROSS Services is a 501(c)(3) non-profit organization that helps provide food and clothing to community members in need. CROSS is committed to serving families and individuals by providing mercy and compassionate supportive services.

    Verve, a Credit Union raises money for the Oshkosh Area School District.

    Verve, a Credit Union's tent at the Oshkosh Gus Macker

    It’s back to school time! Verve, a Credit Union recently setup an energy station at the Oshkosh Gus Macker (The Original 3-on-3 Basketball Festival of Family Fun) event to help raise money for the Oshkosh School District. Funds raised at the event are used to supply school lunches for students that cannot afford them.

    Read More Credit Union Stories

    Our Community

    Are you up for the challenge?

    Corporate Central is challenging your credit union to a flag football match on Saturday, October 19, 2019! Teams may consist of 6 to 15 players (6 active players on the field at a time). The Titletown Showdown event will be held at City Stadium in Green Bay, WI. Please collaborate with us to make this a wildly successful event! Space is limited so register your flag football team as soon as possible. Registration ends Tuesday, October 1, 2019, or when space is filled.

    Don’t want to play? Volunteer! To make this event fun, safe, and successful, we need your help! We are seeking event volunteers to operate kid-friendly games, paint faces, sell concessions, operate timers and keep score, sell raffle tickets, move yard markers, and assist with registration. Sign up today!

    Learn More About Our Community

    What’s New and Who’s Who

    Corporate Central welcomes Orianna Valentine as an Email Marketing Coordinator Intern.

    Orianna Valentine

    We are excited to welcome Orianna to our team! She will assist Corporate Central and our CUSOs with communications to credit union members across the nation. Orianna comes to us with a unique, creative background in arts and education. She has two degrees, both from UW-Milwaukee. Prior to earning her marketing degree, she was a public-school art teacher in the West Allis-West Milwaukee School District where she had the pleasure of encouraging thousands of students to reach their creative potential. In her spare time, she continues to be an active supporter of the arts and community in Milwaukee. She enjoys painting, drawing, DIY home projects, gallery nights, local theater, small concerts, and events that raise arts awareness. She loves to plan new travel adventures, especially to visit far-flung family and friends.

    Corporate Central’s Treasurer, Val Mindak, recently named Leader of the Year.

    Val Mindak

    We are very proud to share that Val Mindak, who serves as Corporate Central’s Treasurer, was chosen among hundreds of nominations as Leader of the Year at the Credit Union Leadership Convention held in August in Las Vegas. The convention is designed for directors, CEOs, and C-suite leaders within the credit union industry and an estimated 3,000 credit union leaders were in attendance this year. The Leader of the Year Award is given to just one individual who has demonstrated extraordinary personal or professional growth resulting in the overall success of their credit union. Val is credited with leading Park City Credit Union’s outstanding growth and community involvement, which includes the random acts of kindness initiative, Park City Cares, and #sharethecare. She also helped to spearhead the Wisconsin Credit Union League’s Young Professionals Network that focuses on providing career development opportunities, networking, and education for credit union professionals under the age of 35. We are very grateful to have Val on our board and we are so proud of her accomplishment. Congratulations, Val!

    Learn More About Our Team

    Wild Adventures with Leo

    Leo’s latest adventure took him to Miller Park.

    Leo with a group of young professionals at Miller Park for a Brewers game

    Leo went to a Brewers game on Saturday, August 10 with a group of credit union young professionals. Not only did he enjoy a fantastic tailgate, but the Brewers won 3 to 2 against the Texas Rangers. Go Brewers!

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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