One year after taking the reins as president/CEO of the then six-month-old Catalyst Corporate FCU, Kathy Garner said her 1,500 member credit unions can now see evidence of a solid, sustainable business model that drives the corporate's operations.

"Looking back, Catalyst Corporate had a lot to prove a year ago," Garner said Monday in a release from the Plano, Texas-based corporate. "When we asked credit unions to trust us with their capital, we made a lot of commitments."

The $2.7 billion corporate has made good on those promises, Garner said. First, Catalyst met regulatory requirements while operating a smaller, conservative balance sheet. Additionally, Catalyst assured its members in its pre-launch business plan that it would establish a board of directors and committees that are diversified in asset size and geography; maintain a full complement of services, with the ability to add new services and enhancements; and, retaining lines of credit and maintaining high levels of service. And, the corporate promised to do it all without significant changes to fees or rates, Garner said.