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CATALYST ANNOUNCES CLOUD COMPUTING
updated 10/18/13 03:25 PM
Plus IT Outsourcing Solutions
Catalyst Corporate FCU launched Catalyst Cloud Computing (C3), powered by Compushare, that will allow credit unions to move all of their local applications and processes to a secure, scalable, high-redundancy remote environment.

Other IT outsourcing solutions, including a suite of enterprise-class systems-management and security have also been added to serve credit unions that have limited outsourcing needs.

Catalyst Corporate selected Compushare, a leading provider of cloud-based technology, due to its knowledge of the financial services industry and proven commitment to security that will help simplify credit unions’ vendor management process.

“Compushare built its solutions from the ground up for the financial services industry, so the highest levels of security are applied across the board, including multi-factor authentication,” said Kathy Garner, president/CEO of Catalyst Corporate. “In addition, Compushare undergoes numerous third-party audits and has regulatory oversight from the Federal Financial Institutions Examination Council."

The C3 platform contains a library of financial applications, allowing credit unions to continue using the systems they have in place while seamlessly adopting state-of-the-art technology that has the necessary security, business continuity, and compliance built in. Unpredictable costs, resources, maintenance, integration, back up, and upgrades necessary to support an on-premise hardware infrastructure are also eliminated.

Credit unions interested in learning more about C3 should attend a special information session taking place at Catalyst Corporate’s Economic Forum on Oct. 22-23 in Frisco, TX.

For more information, please visit www.catalystcorp.org.

 
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MCWATTERS DISSENTS ON BUDGET VOTE updated 11/22/14 06:37 AM
Also, Revised RBC Rule Coming
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters was the only one to vote “no” on the board’s 2015 proposed budget, which will increase 4.2 percent over last year. The vote was 2 to 1.

ANNUAL FED WEBINAR ON REGS, GUIDANCE updated 11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.

NEW EMPLOYMENT LAWS FOR 2015 updated 11/21/14 04:33 PM
Also, TIPs Bulletin Posted
The California Chamber of Commerce has released a list of new employment laws scheduled to take effect in 2015 or earlier that will have an impact on businesses in California.

DIANA DYKSTRA RECEIVES 'EAGLE AWARD' updated 11/20/14 10:41 AM
Outstanding Record of Achievement
Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, was presented with the American Association of Credit Union Leagues’ highest honor—the Eagle Award—this week during AACUL’s winter meeting in Hawaii.