The Leagues provide its Member's First philosophy in communicating "real time" comprehensive news and information. We focus on strategic, operational and the philosophical values of our membership. We work to advocate your interests, and position our member credit unions at the "top" of the financial services community.
View the latest news about credit unions in California, Nevada, and around the nation.
Find current and archived issues of the Leagues' award-winning magazine.
Take a visual journey and explore the faces behind the California and Nevada credit union movement at a number of events, meetings, fundraisers, and conferences!
Catch up on what California and Nevada credit unions are accomplishing within their communities every month!
REACHING OUT TO LOCAL COMMUNITIES
11/04/14 11:27 AM
CUs Spread Their Philosophy
Scroll down to view the latest on how credit unions and industry affiliates across California and Nevada are donating time and money to help the communities they serve, implementing new operational strategies for members, and advocating for the credit union movement!
Click to view the latest Member News
From the Editors of CU Weekly
NEW DERIVATIVE HEDGING SERVICE
04/24/14 10:06 AM
Announded by Catalyst Corporate
Catalyst Strategic Solutions, a wholly-owned credit union service organization (CUSO) of Catalyst Corporate FCU, has launched a Derivative Hedging Service to help credit unions mitigate interest-rate risk.
In January, the National Credit Union Administration (NCUA) approved a rule authorizing certain federal credit unions to purchase derivative instruments for risk management purposes. Parameters for credit unions purchasing derivatives under the new rule include assets of $250 million or more, a CAMEL rating of 1, 2, or 3, and a management rating of 1 or 2.
Among the services to be provided:
- In-depth training and education for start-to-finish derivative programs
- Assistance with NCUA derivative application
- Development of derivative policies and procedures
- Interest rate risk modeling
- Legal review of all derivative documentation
- Counterparty credit analysis
- Derivative hedging strategies, trade execution and transaction management
- Daily monitoring of derivative pricing and collateral management
- Monthly mark-to-market reports
“While a small number of credit unions have had access to derivative instruments for the last decade, using them to hedge risk is unchartered territory for most,” said Bruce Fox, Catalyst Corporate’s EVP/chief investment oficer, and Catalyst Strategic Solutions principal. “Catalyst Strategic Solutions is uniquely positioned to help credit unions implement a successful hedging program for a variety of reasons—one of which is a track record of developing credit union balance sheet risk management strategies for more than 20 years.”
Click here for more information about Catalyst’s Derivative Hedging Services.