> Press Room - 2011 Archives
Press Room - 2010 Archives
Nov. 21, 2011--Southeast Corporate Federal Credit Union announced today that member response from their series of Town Hall meetings has been very positive. During the eight Town Halls that ended last week in Jacksonville, Florida and held throughout Mississippi, Florida and Alabama, Brad Miller, Southeast Corporate’s president and CEO and Lee Butke, president and CEO of Corporate One presented the vision for the newly combined entity as one that establishes the strongest corporate in the nation and more importantly, a corporate that can effectively and efficiently serve members now, and well into the future.
Sept. 13, 2011 -- Southeast Corporate Federal Credit Union announced today it has signed a letter of intent to merge with Corporate One Federal Credit Union, based in Columbus, Ohio. Southeast Corporate and Corporate One both have national fields of membership, with primary footprints in the Southeast and Great Lakes regions, respectively.
July 29, 2011—Corporate One Federal Credit Union announced its Board of Directors voted today in their monthly board meeting to participate in the NCUA’s Voluntary Prepayment Assessment Program. The Voluntary Prepayment Assessment Program was designed by the NCUA in response to credit union requests whereby some credit unions were looking for ways to better manage the required corporate stabilization assessments in 2011 and 2012. The NCUA is seeking a minimum of $500 million in prepayment pledges from credit unions before instituting the program.
June 20, 2011--Bluepoint Solutions, provider of Check 21, remote deposit capture, item processing and enterprise content management solutions, and Corporate One Federal Credit Union, today announced a partnership designed to assist natural person credit unions currently using Bluepoint’s remote deposit capture solution through their current corporate credit union to establish a relationship with Corporate One FCU for check processing and clearing services without any disruption to operations or product support. Bluepoint developed the software that powers the branch capture solution for corporate credit unions to deploy to their members.
May 9, 2011--Corporate One Federal Credit Union today announced the results of its member capital re-commitment offering, which closed at the end of April. The corporate now holds more than a quarter of a billion dollars in total regulatory capital, which including reserves and undivided earnings (RUDE) of $37.2 million. The response was overwhelming as the capital offering was even over-subscribed. With such numbers, Corporate One exceeds all capital ratios at the “well capitalized” level as outlined in the recently updated regulations governing corporate credit unions, as well as meets all NEV ratios in both base- and stressed-case scenarios.
April 21, 2011 - Three members were elected to the Corporate One Federal Credit Union board of directors and announced at its annual meeting. Gerald D. Guy, President/CEO, KEMBA Financial CU, Columbus, OH; Jeff Meyer, President/CEO, Three Rivers FCU, Fort Wayne, IN; and Janice Thomas, President, PSE CU, Parma, OH, were each elected to three-year terms.
March 2, 2011--Corporate One is pleased to announce a new off-balance sheet investment solution to help credit unions maximize their yield and diversify their portfolios. Corporate One, acting as an Office of Supervisory Jurisdiction (OSJ) of Multi-Bank Securities, Inc., is proud to make Federated Investor mutual funds available to credit unions.