Recent Press Releases
Nov. 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.
June 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.
May 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.
Feb. 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.
Feb. 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.
Jan. 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.
Jan. 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.