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In This Issue |
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Note from the CEO |
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 Feature Article
Consider leveraging the U.S. Government Agency market for yield and diversification
By: Dee W. Sanford, Investment Services Manager, Corporate One FCU and Vice President, Multi-Bank Securities, Inc., and Jeff Duesler, Senior Investment Representative, Corporate One FCU and Account Executive, Multi-Bank Securities, Inc.
Members looking to increase yields and diversify their investment portfolios, while maintaining a certain level of both safety and liquidity, should consider the U.S. Government Agency market. As a result of current market conditions, we are seeing overall yields in agencies begin to outpace those earned on FDIC- or NCUA-insured certificates of deposit. READ MORE +
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Corporate One at InVest48
New solution showcase, annual meeting open to all members
InVest48, presented by the Ohio Credit Union League, is just around the corner on April 5-6, 2011, at the Renaissance Hotel in downtown Columbus, Ohio. As an event sponsor, Corporate One is pleased to announce that we'll have many opportunities to meet with members throughout the convention. 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. By being able to choose a different repayment option for each new loan, your members can find the right mix of loans to keep control of their monthly payments-and still save on the total loan cost. READ MORE +
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Federal Reserve to begin sending out non-facing $1s through $20s
Credit unions urged to review vault validation processes, ensure currency counter settings adjusted as needed
The Federal Reserve Bank has announced that beginning April 1, 2011, they will no longer ensure the fit currency they provide will be faced with the portrait side of the note up on denominations of $1s through $20s. As a result of this Federal Reserve change, orders fulfilled for your credit union may have notes that are not faced up in straps of $1s through $20s. READ MORE +
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Key ACH Rules Effective March 18, 2011
EPCOR News, March 2010
As a reminder, a few key ACH Rules were recently implemented on March 18, 2011, that may affect the way your credit union processes certain ACH transactions and returns. While complete and detailed information can be found in the 2011 ACH Rules book on each of the changes, you can read highlights here. READ MORE +
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 Key Corporate One partner, PSCU Financial Services, has strong 2010
Issues $21.3 million dividend, Corporate One member credit unions earn $43,500
A key Corporate One partner on our comprehensive cards program, PSCU Financial Services, recently announced a dividend issuance of $21.3 million to its members for 2010, a nearly 20% increase over 2009 dividends. Since it became a cooperative in 1994, PSCU has paid its members $265 million in patronage dividends. And, as a result of our partnership with PSCU for an enhanced cards solution for credit unions, more than 40 Corporate One members on our new ATM/debit solution are collecting a combined $43,500 in dividend payments and benefits. READ MORE +
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EPCOR hosts industry update, free to members on April 26
EPCOR, one of the nation's leading payments associations, will be hosting its first Industry Update for 2011 on Tuesday, April 26. EPCOR representatives will review current fraud schemes and issues in the payments industry as well as provide updates on the latest Treasury Department and other electronic payments initiatives. READ MORE +
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NACHA warns of phishing scam
Recipients advised not to open suspicious email
A phishing scam is currently circulating claiming to be from representatives of the National Automated Clearing House Association (NACHA). NACHA has received reports that individuals and/or companies continue to receive fraudulent emails that have the appearance of having been sent from NACHA. READ MORE +
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NEW MEMBERS
joining Corporate One
in March
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Capital CU
Bismark, ND
Hawthorne CU
Naperville, IL
Wee FCU
Parkersburg, WV
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KEY RATES
as of 3/31/11 |
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Prime
One-Month LIBOR
1Y Treasury Bills
Fed Target Rate
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3.25%
0.24%
0.25%
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 February 2011
Financial Statements
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VIEW
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MARKET COMMENTARY
for the month of March |
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The economy is poised to turn in a respectable performance
in the first quarter, following a solid 3.2 percent growth rate seen in the final quarter of last year. To be sure, we are not off to the races. There are still too many hurdles for the recovery to overcome, and
some of the cylinders driving growth late last year have petered out. For example, a shrinking trade deficit boosted GDP by an eyeopening
3.7 percentage points in the fourth quarter, a contribution
not seen since 1980, reflecting primarily an aberrant plunge in imports. Going forward, trade will be more of a neutral to slightly negative influence on GDP.
+ READ MORE |
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