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In This Issue |
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Note from the CEO |
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Dear Members:
Corporate One kicked off the New Year with a bang, hosting 16 events across Ohio, Indiana, Illinois, Kentucky, New York and West Virginia to talk about our strong business plan and how you, our members, can continue to support us under the National Credit Union Administration’s (NCUA) updated Rules and Regulations, Part 704. The town halls provided me and members of our senior management team a perfect forum to review the capital offering we sent to members in late December, and to hear what questions you have about the changes made to the corporate credit union capital structure. READ MORE + |
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Feature Article
Corporate One’s ACH users have a powerful resource at their fingertips: EPCOR
By: Marcus Wannemacher, VP, Operations
A hallmark of Corporate One’s ACH solution is our partnership with EPCOR, one of the nation’s largest payments trade associations. Combined with the staff expertise found at Corporate One, including our two Accredited ACH Professionals, we are proud to provide an ACH solution that provides comprehensive training and support that is unmatched elsewhere in our industry. READ MORE +
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 Product News
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Corporate One to celebrate two Accredited ACH Professionals (AAPs) on national day of recognition
AAP accreditation is recognized as the gold standard in ACH excellence
On Tuesday, Feb. 8, Corporate One will recognize two valuable staff members for Accredited ACH Professional (AAP) Recognition Day. Kathy Miesse, Member Implementations Team Leader, and Chat Coats, Payments Systems Coordinator, are among a select group of professionals nationwide that maintain an AAP certification. READ MORE +
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Don’t procrastinate on conducting your ACH audit
Annual audits can be completed anytime throughout the year, audit guides being released earlier in 2011
We know what you’re thinking—you just finished your ACH audit, and you have about ten more months until you have to worry about it again. Due at the beginning of December each year, this audit, which is mandated by NACHA, the electronic payments association that regulates the ACH system, provides an assessment of a financial institutions’ previous year’s ACH processes and activity to ensure they are in line with the latest rules and regulations. READ MORE +
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Simplified ACH Rules released, in effect as of January 1
Ensure your staff is prepared and using newest version to ensure compliance
You have heard about the Rules Simplification project for well over a year, and it’s now complete. The simplified NACHA Operating Rules went into effect January 1, 2011, impacting both the NACHA Operating Rules and the NACHA Operating Guidelines. The initiative transformed the organization of the Rules, structuring them around the rights and responsibilities of participants in the ACH network. READ MORE +
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Due diligence documents available for members
Results of stress tests and listing of Corporate One securities available to members upon request
Understanding the importance of transparency and due diligence, Corporate One is providing key due diligence documents to members upon request. This information will help members gain a better perspective of, and sustain their confidence in, the investment they have in Corporate One. READ MORE +
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Industry News
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Put the spotlight on savings during “America Saves Week,” Feb. 20-27
Free marketing materials and much more available to participating institutions
The recent economic crisis has helped bring about a needed awareness to the importance of having personal savings, with many Americans spending less and saving more because of the uncertain economic environment. Unfortunately, many people learned the importance of having a savings account, or “financial cushion,” because they had to rely on what they had to make ends meet in light of job losses and other financial difficulties.
READ MORE + |
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NEW MEMBERS
joining Corporate One
in January |
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Amplify FCU
Austin, TX
Decatur Medical
Dental CU
Decatur, IL
Eagle Community CU
Lake Forest, CA
Junction Bell FCU
Grand Junction, CO
Nueva Esperanza Community CU
Toledo, OH
Universal FCU
Huntington, WV
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KEY RATES
as of 1/31/11 |
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Prime
One-Month LIBOR
1Y Treasury Bills
Fed Target Rate
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3.25%
0.26%
0.23%
0-0.25% |
| Fed Funds Plus Average |
Partners
Associate |
0.19%
0.11%
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CORPORATE ONE
Unaudited December
Financial Statements |
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VIEW
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MARKET COMMENTARY
for the month of January |
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It’s not exactly a Hail Mary pass, but the late-year tax deal cobbled together by the administration and a recalcitrant Congress may provide the final push that drives the recovery into a higher gear. At the very least, the $858 billion package signed by President Obama on December 17 shines a brighter light on the 2011 economic outlook...
+ READ MORE |
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Upcoming Events
CUNA Governmental Affairs Conference - February 27 - March 3
Corporate One will be closed Monday, February 21st
in observance of Presidents' Day.
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