Catalyst Corporate Federal Credit Union said it is forming threecouncils of its credit union owners to help guide the neworganization.

The “Catalyst Councils” will gather input from the eastern,central and western states, respectively, and advise the corporateon product development, enhancements and “over the horizon”planning, the new corporate said.

Catalyst opened for business onSept. 6 as a result of the merger of Georgia Corporate inAtlanta and Southwest Bridge Corporate, with the new organizationbased in the Dallas suburb of Plano, Texas.

Each council will comprise about a dozen credit union leadersand meet by phone or in person four times a year, CatalystCorporate said.

“This council process deepens the cooperative relationship withmember credit unions as they work side-by-side with staff to setand achieve organizational objectives,” said Brad Ganey, chiefoperating officer at Catalyst.

“In addition to serving as a springboard for serviceenhancements, Catalyst Councils will ensure that the corporate'sresources are allocated to projects that align with member needs,helping them to achieve their own strategic goals,” Ganeyadded.

Catalyst said it launched with $93 million in PerpetualContributed Capital and 882 member credit unions, and has indicatedthat it will seek to expand, particularly in the western stateswhere it hopes to help fill a void left by the failureof United Resources to capitalize.

The new corporate said it would tell members more about thecouncils at gatherings it has planned for Sept. 28-29 in Atlantaand Oct. 25-26 in Dallas.