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2016 News Archives

9/14/2017 -- Corporate One’s July 2017 unaudited monthly financials are now available. View the July Unaudited Financials.

12/11/2017 -- Corporate One’s Third Quarter 2017 unaudited financials and September 5310 report are now available. View the Third Quarter Unaudited Financials and September 5310 report.

7/31/2017 -- Corporate One’s May 2017 unaudited monthly financials are now available. View the May Unaudited Financials.

7/13/2017 -- Corporate One wants to congratulate Roostify, our partner on our recently announced digital mortgage platform solution, for being named one of the 20 Rising Stars as part of Forbes’ second annual Cloud 100 list, which is a listing of the hottest companies in cloud computing for the year. Like Forbes, Corporate One sees the great potential Roostify’s streamlined, all-in-one digital platform has for our industry, and we’re excited to bring that opportunity to credit unions. Read more on the Forbes 2017 Cloud 100 and 20 Rising Stars lists or in the July 27, 2017 issue of Forbes magazine.

12/8/2017 -- Corporate One’s October 2017 unaudited monthly financials are now available. View the October Unaudited Financials.

6/30/2017 -- Corporate One’s April 2017 unaudited monthly financials are now available. View the April Unaudited Financials.

6/28/2017 -- In many instances, SARs have been instrumental in enabling law enforcement to initiate or supplement major money laundering or terrorist financing investigations and other criminal cases. It is essential that credit union staff write SAR narratives that are clear, concise, and thorough.

10/3/2017 -- Corporate One’s August 2017 unaudited monthly financials are now available. View the August Unaudited Financials.

6/21/2017 -- At our annual meeting this year, three members were announced to our board of directors.

9/18/2017 -- Located in Columbus, Ohio, Fintech71 is a non-profit startup accelerator and innovation outpost for the top financial services companies in the U.S. Recently, Fintech71 announced its selection of 10 startups for its inaugural cohort along with the support of new corporate partners, including Corporate One. We are excited to be a part of Fintech71’s mission. Read the full announcement.

9/14/2017 -- In the aftermath of Hurricane Irma, Corporate One has taken steps to assist credit unions in Florida who are recovering from this disaster. We have donated $50,000 to the Southeastern Credit Union Foundation (SECUF) to help credit unions, their employees, and their volunteers who need immediate and long-term assistance. These funds can be used for anything from rebuilding infrastructure, purchasing equipment, operational concerns, or food and shelter.

6/13/2017 -- Corporate One is partnering with automated mortgage transaction technology provider Roostify to offer a digital mortgage platform that streamlines the entire lending experience. Read more.

6/1/2017 -- The Fintech revolution keeps changing what the phrase “instant gratification” really means for both you and your members. Almost gone are the old days of cumbersome, time-consuming paper processes for managing your financial accounts. As financial institutions continue to leverage technology to offer consumers a better user experience, one of the exciting results is the growth of specific services, such as lending.

08/29/2017 -- With the recent flooding in Texas due to Tropical Storm Harvey, the National Credit Union Foundation (the Foundation) has activated the online disaster relief system cuaid.coop to raise money for credit union people affected by this disaster. CUAid is the only program of its kind that enables credit union employees, volunteers, and members, as well as credit unions and credit union organizations across the country, to contribute directly to support other credit union people.

5/18/2017 -- At our annual meeting on April 27, Corporate One highlighted our 2016 achievements, announced the results of the election of directors, and communicated our vision for the rest of 2017 and beyond. It gives me great pleasure to say that thanks to the ongoing support of our members, Corporate One had a strong year financially while still providing essential liquidity options, competitive settlement servicemargin-left: and modern mobile/digital solutions to our members.

8/22/2017 -- AML compliance officers are under a lot of pressure each day. They are tasked with ensuring that their financial institution’s AML program is meeting all regulatory obligations, which, truth be told, is no easy feat. Compounding these pressures is the threat of individual accountability in BSA/AML enforcement, meaning that if the ship were to go down, the AML compliance officer could be going down with it—personally.

8/16/2017 -- The explosive growth in digital engagement is contributing to the rise of another critical financial service: mobile/digital lending. And it makes sense, considering all of the paper that is involved with a loan application. Who wouldn’t want the opportunity to complete it digitally?

UPDATED 4/27/2017 -- Corporate One today released its 2016 Annual Financial Report, complete with the Management's Discussion and Analysis, as well as the audited financials and footnotes. Thanks to the continued support of members nationwide, Corporate One recorded $9.7 million in net income in 2016, for a total regulatory capital position of more than $284.0 million as of Dec. 31, 2016.

4/27/2017 -- Reviewing the latest market research is a good way for credit unions to keep a finger on the pulse of what consumers are doing in the financial marketplace.

3/9/2017 -- Our 2017 BSA/AML/OFAC live and on-demand compliance webinar series makes it easy for you to fulfill your yearly, regulatory training requirement.

3/2/2017 -- Corporate One recently announced we are changing our ACH Services platform to one provided by Lending Tools.

2/24/2017 -- The educational webinars created for this library cover key investment topics and are designed to help credit unions of every asset size discover and/or learn more about available investment options.

2/21/2017 -- On December 28, 2016, former President Barack Obama proclaimed January 2017 as National Slavery and Human Trafficking Prevention Month. 

2/17/2017 -- Corporate One’s Fourth Quarter 2016 unaudited financials and December 5310 report are now available. View the Fourth Quarter Unaudited Financials and December 5310 report.

2/15/2017 -- Beginning in April, we hope you’ll join us for a live, five-part webinar series that breaks CECL down in an easy-to-understand format.

2/10/2017 -- Corporate One entered the New Year full speed ahead, and I want to take this opportunity to discuss with you our main initiatives for the coming year.

1/26/2017 -- Big changes are coming soon to the way credit unions calculate ALLL (allowance for loan and lease losses) under the new CECL (current expected credit loss) rules proposed by the Financial Accounting Standards Board and the NCUA.

1/19/2017 - To support the government in its fight against the funding of terrorism and money laundering activities, federal law requires that credit unions perform member due diligence (MDD) as an extension of their Member Identification Program (MIP).

3/30/2017 -- As email protection increases and improves, attackers are working to find new ways to reach end users.

3/28/2017 -- DH Corporation (TSX: DH) (“D+H”), a leading provider of technology solutions to financial institutions globally, today announced that Corporate One Federal Credit Union, one of the nation’s largest and most innovative corporate credit unions, is working with D+H to accelerate its ability to offer real-time payments to its members.

1/12/2017 -- It was of little surprise that the Federal Open Market Committee (FOMC) raised the target overnight rate at their meeting this month. Market expectations revealed a solid 100% probability of this hike in the weeks leading up to it.

1/5/2017 -- I'd like to take a moment during this holiday season's hustle and bustle to share some of the progress Corporate One has made this year.

3/28/2017 -- The Federal Reserve Bank of Cleveland announced that Corporate One Federal Credit Union’s CEO/President Lee C. Butke has been named to the Fed Bank’s Community Depository Institutions Advisory Council (CDIAC) for 2017.

3/23/2017 -- Faster payments is still one of the hottest topics in our industry right now as the payments landscape continues to change at lightning speed.

3/16/2017 -- For financial institutions, the new Current Expected Credit Loss (CECL) accounting model is the most significant financial reporting change in decades.

3/13/2017 -- Corporate One’s January 2017 unaudited monthly financials are now available. View the January Unaudited Financials.