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In This Issue |
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Note from the CEO |
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 Dear Members:
It brings me great pride to report that our capital offering was a huge success for your corporate. We not only met our goals but found ourselves oversubscribed! I want to extend my deepest appreciation to those members who re-committed their capital with Corporate One. Therefore. today Corporate One closes its current capital offering to members, as outlined in the Confidential Information Memorandum sent to member CEO/Managers in late December 2010. READ MORE + |
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 Feature Article
Spring is peak season for student lending, time to maximize the potential of the Smart Option Student Loan®
First year of offering the program is success for Corporate One and its members
By: Paul Hixon, VP, Marketing and Communications
 Getting through daily life can really add up. Gas prices. Food costs. Household bills. It's easy to understand why today's consumer - your credit union member - is overwhelmed with paying for life's necessities. And, one of life's most expensive necessities is higher education. It's no secret that a college degree is key to competing in today's economy and maximizing one's earning potential. Unfortunately, for many families and students, paying for college is a daunting burden and a frustrating maze of financial solutions. READ MORE +
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Sallie Mae® announces deferred repayment option
Corporate One is pleased to pass on the news that Sallie Mae® now offers a deferred repayment option with their Smart Option Student Loan®. While Sallie Mae continues their mission to encourage students and families to make payments while in school, they recognize that some families value having even more payment flexibility. READ MORE +
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Corporate One announces board election results
Meyer elected to first term, Guy and Thomas re-elected
Three members were elected to the Corporate One Federal Credit Union board of directors and results were announced at the corporate's 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. READ MORE +
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Corporate One releases 2010 audited financials and annual report
Annual meeting video also now available
Corporate One is pleased to announce we have posted our 2010 annual report to our Web site . We have worked diligently to finalize this report as quickly as possible for our members, and we are proud to be one of the first corporates to release our 2010 audited financials. READ MORE +
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Corporate One announces 2011 BSA-OFAC Trainings
Corporate One members receive two complimentary registrations
For more than five years, Corporate One has been offering free trainings to help our member credit unions fulfill their annual BSA/OFAC training requirement. We are pleased to once again make these trainings available to our members and other credit union personnel. READ MORE +
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Newly added webinar for debit card users
Corporate One recently added a new category for Debit Cards to our Training Certification Program. The first webinar in this series, Card Management and Authorization (CMA), is designed to assist those members on our debit program with learning the CMA system within STAR Station, so they can feel confident in setting up and editing new accounts, searching and conducting card maintenance, among other things. READ MORE +
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NCUA launches new consumer Web site
The National Credit Union Administration (NCUA) recently launched a new consumer Web site to provide consumers a one-stop source on credit unions. The site explains credit union basics, what credit unions can do for their members, how consumers can protect their money, and how members can receive assistance if they are facing an issue with their credit union. READ MORE +
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Banks eliminate debit rewards programs
Corporate One ATM/Debit rewards remain robust
In the latest move to prepare themselves for anticipated losses from pending legislation on interchange fees, several major banks have recently announced the cancellation of their debit rewards programs. JPMorgan Chase has eliminated such programs for new and existing users, while Wells Fargo eliminated debit rewards for all new members in late March. READ MORE +
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NEW MEMBERS
joining Corporate One
in March 2011 |
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Purdue FCU
West Lafayette, IN
Progressive CU
New York, NY
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KEY RATES
as of 4/29/11 |
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Prime
One-Month LIBOR
1Y Treasury Bills
Fed Target Rate
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3.25%
0.21%
0.18%
0-0.25%
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Fed Funds Plus Average
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Partners
Associate
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0.19%
0.11%
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CORPORATE ONE
Unaudited March 2011
Financial Statements
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VIEW
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MARKET COMMENTARY
for the month of April 2011 |
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Ever since the recovery got underway nearly two years ago, economists and investors have questioned its sustainability. The first year or so was driven primarily by bailouts, liquidity injections and unprecedented fiscal support, so many understandably feared
that the recovery would peter out once the massive government stimulus was withdrawn. Happily, the economy has so far withstood
that potential threat, demonstrating an increasing ability to stand on its own two feet. Companies are hiring again, consumers are spending more, confidence is strengthening and hefty profits have fueled a powerful two-year rally in stock prices, restoring more than $5
trillion to household portfolios. + READ MORE |
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