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In This Issue |
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Note from the CEO |
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 Feature Article
Important changes to remember when conducting annual ACH audit
By: Kathy Miesse, Member Implementations Team Leader, AAP
 Each year by December 1 all participating Depository Financial Institutions (DFI) and Third-Party Service Providers (TPSP) that provide ACH services are required to complete an annual ACH self audit of the previous year’s transactions to ensure they processed such transactions in line with the latest ACH Rules and Regulations. Having recently managed the completion of Corporate One’s ACH audit, I wanted to take this opportunity to remind those of you conducting your own audits of important changes in the Rules and Regulations that are new to this year’s audit. READ MORE + |
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Debit card incentive programs yield impressive results for Corporate One members
Participating credit unions increase transactions, collect nearly $36,000 in incentives
The power of debit card incentive campaigns is being felt by participating Corporate One members. With increased transactions fueling nearly $36,000 in brand incentives collected by our credit unions and more than $1,500 in the pockets of their members in the first half of this year, there is no doubt that our enhanced ATM/debit card solution is paying off for participating members. READ MORE +
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Corporate One completes annual ACH audit
Corporate One completed its annual ACH self audit in early October. A copy of the official letter stating such is now available for member credit unions to download for use in their own respective self audits. READ MORE +
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OneWire training materials coming in November
 In June, Corporate One was pleased to announce we will be implementing OneWire, a new wire transfer processing platform for both domestic and international wires, on December 5. With the implementation of this new platform now on the horizon, training materials will be available in November for your credit union’s authorized wire users to reference as they learn how to use the new system. READ MORE +
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Corporate One proudly supports Indiana Credit Union Foundation
 Member Relationship Executive Marty Orr was pleased to present members of the Indiana Credit Union Foundation with the final installment of Corporate One’s annual $5,000 donation. READ MORE + |
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Bank of America fallout fuels credit union awareness, Bank Transfer Day
Now is the time for credit unions to gain market share
 Given the current consumer angst with big banks, credit unions have an unprecedented opportunity before them to gain market share. The fallout from Bank of America’s recent announcement that it will charge most debit card users a monthly $5 fee, seems to be the proverbial “straw that broke the camel’s back,” and has turned the attention of analysts and consumers alike to the benefits of credit unions, generating significant awareness on our industry’s behalf. READ MORE + |
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NEW MEMBERS
joining Corporate One
in September |
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Illiana Financial CU
Calumet City, IL
20th Century Fox FCU
Los Angeles, CA
Oregon Pioneer FCU
Portland, OR
Fresno Police Department CU
Fresno, CA
KaiPerm Northwest FCU
Portland, OR
Avista Corp CU
Spokane, WA
General Mills FCU
Minnetonka, MN
Community Resource FCU
Latham, NY
Union Pacific ECU
Beaumont, TX
Greater Nevada CU
Carson City, NV
Southwest Colorado FCU
Durango, CO
Keystone CU
Tyler, TX
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KEY RATES
as of 10/31/11 |
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Prime
One-Month LIBOR
1Y Treasury Bills
Fed Target Rate
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3.25%
0.24%
0.11%
0-0.25% |
| Fed Funds Plus Average |
Partners
Associate |
0.18%
0.10% |
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CORPORATE ONE
Unaudited September
Financial Statements |
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VIEW
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MARKET COMMENTARY
for the month of Nov. 2011 |
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Recent data suggest the U.S. has taken a step back from the
recession ledge. Job growth perked up in September, consumers reopened their wallets, and factories churned out more autos and other goods. + READ MORE |
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