(please click ad for more information)

News & Publications

Relevant Information—For You, By You
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.

Current News
View the latest news about credit unions in California, Nevada, and around the nation.
Credit Union Digest

Find current and archived issues of the Leagues' award-winning magazine.

Photo Galleries

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!
 

Member News

Catch up on what California and Nevada credit unions are accomplishing within their communities every month!

 

KINECTA FCU
updated 08/31/15 12:55 PM
Kinecta FCU and Nix Neighborhood Lending (Nix) partnered with Los Angeles Fire Department (LAFD) Fire Station #64 and the Los Angeles Police Department (LAPD) Southeast Division to donate nearly 470 backpacks filled with school supplies to students in Watts. Assemblyman Mike A. Gipson, Los Angeles City Councilman Marqueece Harris-Dawson, and “Sweet Alice” Harris were on hand to show their support.

Kinecta and Nix held a month-long collection campaign collecting nearly 600 backpacks filled with school supplies with additional backpacks donated by the Richstone Family Center, Thomas House Family Shelter, and other schools and community organizations.

Click to view the latest Member News

 
From the Editors of CU Weekly

NEW DERIVATIVE HEDGING SERVICE
updated 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.

 
print
version
  share
article