Catalyst Corporate Federal Credit Union said it is forming three councils of its credit union owners to help guide the new organization.
The “Catalyst Councils” will gather input from the eastern, central and western states, respectively, and advise the corporate on product development, enhancements and “over the horizon” planning, the new corporate said.
Catalyst opened for business on Sept. 6 as a result of the merger of Georgia Corporate in Atlanta and Southwest Bridge Corporate, with the new organization based in the Dallas suburb of Plano, Texas.
Each council will comprise about a dozen credit union leaders and meet by phone or in person four times a year, Catalyst Corporate said.
“This council process deepens the cooperative relationship with member credit unions as they work side-by-side with staff to set and achieve organizational objectives,” said Brad Ganey, chief operating officer at Catalyst.
“In addition to serving as a springboard for service enhancements, Catalyst Councils will ensure that the corporate’s resources are allocated to projects that align with member needs, helping them to achieve their own strategic goals,” Ganey added.
Catalyst said it launched with $93 million in Perpetual Contributed Capital and 882 member credit unions, and has indicated that it will seek to expand, particularly in the western states where it hopes to help fill a void left by the failure of United Resources to capitalize.
The new corporate said it would tell members more about the councils at gatherings it has planned for Sept. 28-29 in Atlanta and Oct. 25-26 in Dallas.