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In This Issue |
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Note from the CEO |
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Feature Article
OneWire goes live Dec. 5
Training materials now available, users urged to review
By: Melissa Ashley, VP, CFO
 The leaves have fallen from the trees, the days are shorter and cooler, and Jingle Bells can readily be heard playing in stores. It’s hard to believe it’s already the holiday season, and not just for obvious reasons. Over the last year, an integrated team at Corporate One has been busy preparing to implement OneWire, a new and improved wire services solution. And, with December upon us, we are now just days away from the cut over date of December 5.
READ MORE +
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Sallie Mae program surges in 3rd quarter
Winter semester brings mid-year student loan activity
 The Sallie Mae Smart Option Student Loan™ is gathering momentum. Third quarter results show our members' members were approved for $3.3 million in student loans, with $1.3 million in funds being disbursed during the quarter. There are currently 144 credit unions signed up for the program. READ MORE +
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New features enhance DebitAdvantage stats reports
PSCU recently announced that the November 2011 release for DebitAdvantage stats report includes three new features. READ MORE +
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SimpliCD expands, includes CDs issued through the Depository Trust Company (DTC)
 Corporate One is pleased to announce another investment option available to member credit unions through our SimpliCD program. Now, the SimpliCD program is even better as we have enhanced our program by adding DTC CDs to our offerings. READ MORE +
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Go green in 2012, start by receiving e-statements from Corporate One
Want to preserve a few trees while also more conveniently view your Corporate One statements? There is no charge to members for viewing their monthly statements in MemberView®. If you’re not already taking advantage of this feature, simply complete the “Electronic Statement Delivery Agreement” found in the “Show Member Forms” section of MemberView, and return it to Corporate One. READ MORE +
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Corporate One collects 3,200 lbs. of food for Mid–Ohio Foodbank
Serving the underserved is truly a part of the culture here at Corporate One. And, nothing provides more evidence of this than when our staff is called upon to help those in need. Each year, Corporate One staff answer calls for assistance in a number of ways, whether it’s by donating blood, helping bring joy to kids during the holidays or making sure that the hungry have food to eat. READ MORE +
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Heads up: Biennial Alliance One audit coming in December
2011 audit is electronic, making it easier and more convenient for participants to complete
.jpg) Corporate One members taking advantage of Alliance One, one of the nation’s largest selective surcharge-free ATM groups, will soon receive an emailed audit, requesting verification of the accuracy of the information we have on file for their respective institution. With almost 5,000 ATMs nationwide, Alliance One continuously provides millions of consumers, from nearly 1,000 financial institutions fewer surcharge fees to access their funds. READ MORE +
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KEY RATES
as of 11/30/11 |
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Prime
One-Month LIBOR
1Y Treasury Bills
Fed Target Rate
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3.25%
0.27%
0.11%
0-0.25%
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Fed Funds Plus Average
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Partners
Associate
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0.18%
0.10%
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CORPORATE ONE
Unaudited October
Financial Statements
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VIEW
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MARKET COMMENTARY
for the month of Dec. 2011
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| With the holiday shopping season almost upon us, there is
every reason to sound a cautiously cheerful note. Clearly, consumers
appear to be in a more celebratory mood, snapping up the new
iPhones and Kindle e-readers like candy and showing a hefty
appetite for a broad range of other goods and services, including
cars. Consumer spending has been a pleasant surprise since midyear,
as real consumption increased at a solid 2.3 percent annual rate
in the third quarter – the fastest of the year – and is on track to at least
equal that pace in the current quarter. + READ MORE |
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