From the CEO
Lee Butke, President/ CEO, Corporate One Federal Credit Union
February 28, 2011

Dear members:

Earlier this month, I had the opportunity to participate in a webinar hosted by Dennis Dollar, former NCUA chairman and principal of Dollar and Associates, a consulting firm for credit unions. The webinar highlighted the 10 questions a credit union should ask of a corporate with which they are seeking to do business. During the presentation, I was pleased to answer some of these questions on behalf of Corporate One at Dollar's request, and attached here, with permission, are those top 10 questions, along with answers to each from Corporate One. Additionally, I've included the five questions Dollar developed for credit unions interested in capitalizing with a bridge corporate and another five questions he created for credit unions evaluating other service providers.

I welcome you to take a look at Dollar's questions, as well as Corporate One's answers to these questions. It is important that everyone at our member credit unions, including board, management and staff, feel positive about any decision to use a corporate, and Corporate One is very proud of the answers we can provide. Should you have any questions about any of the answers provided in the attached, please do not hesitate to contact me at 866/MyCorp1, ext. 9300 or at lbutke@corporateone.coop. The continued support of you, our members, is greatly appreciated, especially as we work to convert our existing member capital to those new instruments as outlined in the updated regulation.

Best,

Lee C. Butke
President/CEO