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In This Issue |
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Note from the CEO |
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 Feature Article
New partnership with Federated Investors opens door to mutual fund investments
By: Bob Post, Chief Investment Officer
 Corporate One FCU, an Office of Supervisory Jurisdiction (OSJ) of MultiBank Securities, recently joined forces with Federated Investors, Inc. to offer a new short-term investment alternative that can provide credit unions monthly income: the Federated Government Ultrashort Duration Fund (FGUSX). This mutual fund invests primarily in U.S. Government Agency mortgage-backed and U.S. Government Agency securities. The fund is managed so that the underlying investments are permissible under NCUA Credit Union Investment Guidelines Regulation 703.14. The fund has a long history of minimal principal volatility and provides current income that may either be paid out or re-invested in the form of dividends. This fund may offer a yield advantage over money market alternatives and is designed to quickly respond to changes in short-term interest rates. READ MORE +
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Sallie Mae Smart Option Student Loan® reduces rates, boosts benefits
 Earlier this month, it was Corporate One's pleasure to announce that Sallie Mae® will be offering lower rates1 and enhanced benefits on its Smart Option Student Loan® . All three payment options, including Interest Re-payment, Fixed Re-payment and the Deferred Re-payment options, will have new, lower interest rates. READ MORE +
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Mark Your Calendar: 2nd Quarterly Economic Update Webinar being released June 22
Corporate One will be releasing its second quarter Economic Update webinar on June 22. New this year, Corporate One's quarterly webinar series is being offered as an on-demand session via our Web site for greater member convenience. It can be viewed whenever you want, from wherever works best for you. READ MORE +
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Upcoming changes to Vault Services Telephone Ordering System announced
Updated ordering guide now available
 Effective June 6, 2011 , there will be upgrades to the existing Vault Services Telephone Ordering System. While most Corporate One members on this solution use the Web to place cash and coin orders, it is important to note this change, as the system provides a back-up ordering option should ordering through the Web site not be available. READ MORE +
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Don't forget to register for 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. Registration is open to interested participants. READ MORE +
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Coming soon to a mailbox near you: Annual MemberView® audit
Audits to be sent out in June, due July 29
Corporate One performs an annual MemberView security audit that requests all member credit unions on this service to review and validate those personnel currently authorized through Corporate One to use MemberView. Our annual audit mailing will be sent out mid-June, so keep your eyes peeled. Audits will need to be completed and returned to Corporate One by
July 29, 2011. READ MORE +
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Don't procrastinate on conducting your ACH audit
Annual audits can be completed anytime throughout the year
Due at the beginning of December each year, NACHA, the electronic payments association that regulates the ACH system, mandates that every financial institution that transacts ACH payments conduct an annual audit of their previous year's ACH processes and activity to ensure they are in line with the latest rules and regulations. And, while the deadline for this audit is the last month of the year, it can be completed at any point throughout the year. READ MORE +
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Conversion to automated collection of miscellaneous items completed, off to successful start
Last year Corporate One made an upgrade that improves the collection of miscellaneous items (Work Type 3), such as savings bonds, unscannable/damaged items and some foreign items, by leveraging the power of our Automated Capture & Exchange (ACE) product. We are pleased to announce that our conversion to this new process is complete and has been a great success. READ MORE +
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Alliance One and CU 24 partner, offer expanded access to participants
Earlier this month it was announced that Credit Union 24, the country's largest credit union-owned ATM and point-of-sale (POS) network, and Alliance One, one of the nation's largest credit union surcharge-free ATM groups, are expanding ATM/POS and surcharge-free access for participants on their respective programs. READ MORE +
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