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2012 News Archives

12/21/2012 -- Corporate One’s November 2012 unaudited monthly financials are now available. View the November Unaudited Financials.

12/20/2012 -- Corporate One’s October 2012 unaudited monthly financials are now available. View the October Unaudited Financials.

11/23/2012 -- Earlier this month, Corporate One added several webinars to the ACH section of our Training Certification Program library. The new webinars include the 2012 ACH Compliance webinar and the ACH Services quick start trainings.

11/1/2012 -- Corporate One Federal Credit Union announced today that it has partnered with Lockton Companies (Lockton), a global leader in insurance and risk management, to provide risk evaluation and insurance and bond solutions to credit unions.

11/1/2012 -- Corporate One has released a new video hosted by SVP, CFO Melissa Ashley called "Capital and your Corporate Credit Union." In this short video, Ashley discusses the importance of capital to a corporate, and the different types of capital models used by corporate credit unions. Tune-in now!

10/3/2012 -- Corporate One has created “Capital and your Corporate Credit Union," a brochure that explains the role capital plays in a corporate credit union’s ability to provide correspondent, investment and liquidity services to their members.

9/6/2012 -- In a letter to members, Corporate One President/CEO Lee Butke discusses how the upcoming closure of U.S. Central Federal Credit Union will impact credit union access to emergency liquidity in the Central Liquidity Fund (CLF).

10/31/2012 -- Corporate One’s Third Quarter 2012 unaudited financials and September 5310 report are now available. View the Third Quarter Unaudited Financials and September 5310 report.

9/27/2012 -- Corporate One’s August 2012 unaudited monthly financials are now available. View the August Unaudited Financials.

9/27/2012 -- Corporate One’s July 2012 unaudited monthly financials are now available. View the July Unaudited Financials.

6/13/2012 -- Ohio-based Corporate One Federal Credit Union and Florida-based Southeast Corporate Federal Credit Union announced today that the last hurdle to a successful merger has now been achieved. This final hurdle, raising sufficient perpetual contributed capital (PCC) to effectuate a merger with Corporate One, was reached today.

5/23/2012 -- Corporate One Federal Credit Union is pleased to announce Southeast Corporate Federal Credit Union members voted in favor of the merger between Southeast Corporate and Corporate One through mail ballots and votes cast at the Special Member Meeting held yesterday, May 22, 2012 at Southeast Corporate’s Tallahassee, FL office. The official vote was 146 in favor of the merger, and 2 opposed.

4/17/2012 -- Corporate One is pleased to be among the first corporate credit unions to make available its 2011 Annual Report. As outlined in the report, Corporate One continues to maintain a robust capital position and a solid financial foundation thanks to strong member support, profitable solutions and conservative investment strategies.

8/27/2012 -- As Hurricane Isaac moves through the Gulf Coast area, we want to assure members that Corporate One has prepared both our Tallahassee and Jacksonville facilities to support members and conduct business. Many of our members are already feeling the effects of the storm, with more preparing to be hit later this week. If your credit union plans on closing due to the storm, please contact Member Services at 800/342-0203, especially if we process your items. We stand ready to assist you, so please let us know how we can help.

4/7/2012 -- As reported to you on March 30, 2012, card issuers on Corporate One’s card programs through PSCU received a Security Alert dated March 23, 2012 regarding a potential card security breach of Visa® and MasterCard®. The source of the data compromise was identified in the Wall Street Journal as Global Payments Inc. At the time of these alerts, it was believed that the exposure window for the compromise was January 21, 2012 through February 25, 2012. However, recent VISA CAMS and MasterCard alerts now indicate the exposure window for the compromise was actually December 12, 2011 through January 15, 2012.

3/30/2012 -- Last Friday, March 23, 2012, card issuers on Corporate One’s card programs through PSCU received a Security Alert regarding a potential card security breach of Visa® and MasterCard®. PSCU followed up with another Security Alert on Wednesday, March 28, 2012, and shared updates on the fraud they observed on the potentially impacted accounts. Today, the Wall Street Journal has named Global Payments Inc. as the source of the data compromise. As of today, Corporate One has not been notified of any card breaches affecting any credit union on our cards programs.

2/16/2012 –– Ohio based - Corporate One Federal Credit Union and Florida based - Southeast Corporate Federal Credit Union announced that the National Credit Union Administration (NCUA) approved their merger plan at a closed-door NCUA Board meeting today. The approval from the NCUA is the latest step in the merger process for the two corporates. On September 13, 2011 the corporates signed a letter of intent to merge, and on January 18, 2012, the corporates signed a definitive merger agreement, which governs the terms and conditions that binds the organizations together, and formalizes many of the merger details.

2/9/2012 -- Corporate One Federal Credit Union announced today it has executed an agreement to offer upgraded ACH services for ACH Receipt and Origination transactions to its nearly 800 members using Fundtech’s PAYplus® ACH and CASHplus® platforms. By choosing Fundtech, Corporate One will be replacing the APEX-ACH platform offered through U.S. Central Federal Credit Union (the wholesale provider of financial services to the corporate network) with a solution that will offer several enhancements over APEX-ACH, and with pricing that is more favorable to its members.

1/26/2012 –– Corporate One Federal Credit Union recently announced administrative and operational changes that make it possible for the corporate to proactively accommodate the needs of its growing number of members from across the United States. Most recently, Corporate One worked with its preferred partner for Vault Services to push back the daily ordering deadline to 1:00 p.m. LOCAL time for its credit union members in the continental U.S.

1/18/2012 –– The boards of directors of Corporate One Federal Credit Union and Southeast Corporate Federal Credit Union announced today that they have signed a Definitive Merger Agreement. For companies looking to merge, this is an important step, as it is this Agreement that governs the terms and conditions that binds the organizations together, and it formalizes many of the merger details.