Our Promise to Our Members
Corporate One provides high-quality financial solutions – delivered by friendly, supportive, and knowledgeable people – to our credit union members in a safe and sound manner.
Seven Cooperative Principles
Learn about the benefits of being a credit-union cooperative and the seven basic principles by which all cooperatives operate in this short, animated video from Corporate One FCU and the Foundation.
Corporate One Federal Credit Union is a leading wholesale financial services provider to nearly 1000 of America’s credit unions. With more than $6.1 billion in assets under management, Corporate One offers correspondent services including ATM/debit cards, share draft imaging, and depository and electronic payment services as well as investment solutions to credit unions across the United States.
Throughout our history, Corporate One has developed innovative solutions for credit unions. We developed SimpliCD, the turnkey certificate of deposit program now marketed by corporate credit unions nationwide. We also developed and manage Alliance One, one of the nation’s largest non-network-specific ATM selective-surcharging groups in America.
Our track record of innovation continues with our ground-breaking back-counter branch capture solution – Automated Capture & Exchange (ACE). ACE, which has been featured on CNBC and Bravo!, is a turnkey electronic deposit automation solution already proven in over 800 credit union branches.
Founded in 1949 as Ohio Central Credit Union, our organization was chartered as a “credit union for credit unions,” based on the traditional principles of service to members that guide all credit unions. Ohio Central served two distinctly separate groups: Ohio credit unions, receiving the services of a corporate central credit union, and natural person members. At the time, such a credit union was known as a “dual corporate central credit union.”
Beginning in the late 1970s, dual corporates began to split into two separately chartered entities, one serving individuals and one serving credit unions. In 1983, Ohio Central was split into two entities, with the natural person credit union continuing as Ohio Central Credit Union and the credit union’s credit union being founded as Ohio League Corporate Credit Union (OLCCU), a department of the Ohio Credit Union League (OCUL).
Although OLCCU had a separate board of directors, it was managed directly by the OCUL. “Shared management” was not unheard of at the time, with nearly 40 percent of the forty corporates in 1990 sharing management with the credit union league in their state. In 1990, the OCUL and OLCCU boards decided to conduct an extensive analysis of the shared management arrangement. This study culminated in the establishment of Corporate One Credit Union in 1991 as an independently managed corporate credit union. Corporate One converted to a federal charter in 2000.