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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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WEEKLY E-FILING BILL SIGNED INTO LAW updated 08/28/14 02:18 PM
Will Streamline Reports for CUs
California Gov. Jerry Brown has signed Assembly Bill 2298, legislation that will allow financial institutions which hold local agency deposits to submit their weekly reports to the California Department of Business Oversight (DBO) electronically rather than through U.S. mail.

NEW STATE LAWMAKERS SHAPE DIRECTION updated 08/27/14 08:24 PM
California Assembly and Senate
New leadership in California will help form the state’s priorities in the coming years. Here’s what your credit union needs to know:

CFPB ISSUES FINAL 'TILA' ADJUSTMENTS updated 08/24/14 11:35 AM
Rule Reviews Dollar Amounts
The Consumer Financial Protection Bureau (CFPB) is issuing its final rule on Truth in Lending Act (TILA) annual threshold adjustments, amending the regulatory text and official interpretations for Regulation Z, which implements TILA.

NIGHTTIME GOLF TOURNAMENT COMING updated 08/22/14 04:41 PM
Funds Benefit League PAC
Beat the heat and golf by moonlight! The Southern Nevada Chapter of the Nevada Credit Union League is bringing back the PAC Nighttime Golf Tournament on Saturday, Oct. 4 at the Boulder City Municipal Golf Course. Shotgun start is at 6:30 p.m.