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 In This Issue
Note from the CEO
Feature Article
 Product News
 Digital Digest
 Industry News
 Upcoming Events

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Lee Butke Dear Members:

"Survey says..."…That Corporate One consistently provides outstanding value to our members, and we’re a strategic corporate partner you can rely on. We formally began gathering member feedback two years ago, and although I’m very pleased and encouraged by your comments in the 2015 Membership Survey, I want you to know that we take seriously the need to improve based upon your input. READ MORE +

 Feature Article
 
BSA/AML insights: Why combating financial crime is like a team sport

Naomi Glass By Naomi Glass, CAMS, BSA/AML/OFAC Compliance Manager

Partnership and collaboration with other financial institutions have become invaluable tools in conducting thorough and responsible BSA/AML investigations. READ MORE +
 Product News
New on-demand ACH webinars: Same Day ACH Deep Dive

These two brand new, on-demand webinars discuss the next steps you need to take to get prepared for Phase 1. READ MORE +

Accessing term funding outside of the traditional credit line

Perry Jones By Perry Jones, VP Portfolio Manager

Corporate One has been working to expand liquidity options for our members. We have developed a funding solution suite of products, increased our term-loan product offerings to include amortizing and floating-rate advances, and helped many credit unions issue non-member deposits through our SimpliCD issuance program. READ MORE +

Same Day ACH Phase I: Final preparations

Corporate One has been busy communicating to our member credit unions about the upcoming 2016 NACHA Rules Revision, Same Day ACH: Phase 1. Our newest resource offers detailed info on processing time frames and includes helpful hints. READ MORE +

Coming soon to a city near you: 2016 Member engagement events

Don’t miss these special opportunities in Florida and Ohio to engage with us, network with each other, and enjoy some valuable education and fun. READ MORE +

New on-demand webinar! Mortgage-backed securities: Pass-throughs

We just added a new educational course to our investments webinar library. READ MORE +

Portland, Maine
Make the 7th CU Small Business Summit your “Maine” event this fall

As usual, this year’s summit will be informative and thought-provoking, covering the latest industry insights, best practices, and regulatory exam topics. In particular, we’ll review the NCUA’s Final Rule on Regulation 723, published on March 14, 2016. READ MORE +
 
 Digital Digest
Five timely resources on mobile/ digital hot topics

Finding the time to research and read quality articles on mobile/digital trends can be time consuming and overwhelming. This month, we’ve compiled a short reading list for your convenience. READ MORE +
Digital Digest
 
 Industry News
Louisiana Flooding Campaign: Donate to CUAid

With the recent flooding in Louisiana just a few weeks ago, 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. READ MORE +
 
 
 

Events Calendar

 

KEY RATES
as of 8/31/16

Prime
One-Month LIBOR
1Y Treasury Bills
Fed Target Rate

 

3.50%
0.52%
0.59%
0.25-.50%
Daily Market Account Average
Partners
Associate
0.34%
0.26%
 
CORPORATE ONE
Latest Unaudited
Financial Statements

Corporate One Financial Statements
VIEW
 
MARKET COMMENTARY
for the month of
August 2016
With the economy struggling to grow at a measly 1 percent pace over the past three quarters – the weakest for such a stretch since the end of the Great Recession – it may be appropriate to ask if the seven-year old recovery is running on fumes. Economists are notorious for not being able to forecast a recession and, true to form, very few see any on the horizon this time. But the disappointments are piling up, including, most recently, the unexpected weakness revealed in the second-quarter GDP report. Most forecasters were looking for a solid rebound from the previous two quarters, each of which posted growth rates of less than 1 percent. Instead, the second quarter turned out to be not much better, as GDP increased by a 1.2 percent annual rate, far less than the expected 2.5 percent Nor was it just the headline growth rate that provided grim news. Some of the underlying details of the report were just as disappointing. Business investment spending contracted for the third consecutive quarter, something that hasn’t happened since the recession. Just as disconcerting, residential outlays declined for the first time in over two years. + READ MORE
 Upcoming Events
   
  Available thru 12/31/2016   On-demand webinar series
   
  9/7/2016   Palm Beach, FL
   
  9/13/2016   Tallahassee, FL
   
  9/20/2016   Cincinnati, OH
   
  9/21/2016   Cleveland, OH
   
  10/3/2016   Jacksonville, FL
   
  10/4/2016   Orlando, FL
   
  10/11/2016   Miami, FL
   
  10/13/2016   Oakland Park, FL
   
  10/17/2016   Pensacola, FL