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In This Issue |
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Note from the CEO |
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 Dear Members:
As you are aware, the new regulations for corporate credit unions (NCUA Rules and Regulations, Part 704) were released in September, and have now been officially entered into the Federal Register. While the final product was largely what was expected, and we were pleased to see the NCUA responded to the many comments letters from, and discussions with, credit unions and corporates for the past several months in crafting a long-term map for corporates and their members. READ MORE + |
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 Feature Article
Don’t forget to take advantage of Corporate One’s free training and educational resources in 2011
By Hillarie Michaels, Director of Events
Over the years, Corporate One has hosted a variety of in-person events, conferences and trainings. As current economic conditions have led to a cutback in travel and conference budgets, we have also adjusted our methods of member outreach to ensure our members have the educational and product support they desire. As a result, we have turned our attention to complimentary web-based, on-demand trainings. READ MORE + |
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 Product News |
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Double-check your coin & currency orders for upcoming holidays
As the holiday season approaches, remember to be attentive to your cash ordering and delivery procedures. Since Christmas and New Year's Day both fall on a Saturday this year, be sure to avoid cash shortages by checking your delivery dates during these weeks or by ordering enough cash ahead of time. |
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Training Certification Program: Newly added webinar focuses on share drafts
One of the member benefits Corporate One has focused on making more robust over the last 18 months has been the free, on-demand webinars in our Training Certification Program. These webinars are great for new employees, credit unions new to Corporate One or those staff members looking for a refresher. READ MORE + |
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| Industry News |
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WOCCU anniversary celebrates 40 years of empowering people around the globe with financial freedom
This month marks the 40th anniversary of the World Council of Credit Unions (WOCCU). On a global level, there is no greater force pushing the cooperative cause than WOCCU, which promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. READ MORE + |
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Social Security Number suppression in federal ACH payments
Change implemented to further protect consumers receiving federal payments
The Department of the Treasury, Financial Management Service (FMS), recently put measures into place to further protect the identifying information found in federal government ACH payments. Effective November 2010, Treasury began a phased-in strategy to suppress Social Security Numbers (SSN) in federal government ACH payments. READ MORE + |
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Don’t miss your chance to support the Children’s Miracle Network
Easy, turnkey holiday campaign allows credit unions to support local childrens’ hospitals
It’s not too late for your credit union to participate in the 2010 Credit Unions for Kids holiday icon campaign. Credit unions from around the country can select from a variety of paper icons, such as a snowman or snowflake, which can be purchased by members and employees for a donation of $1. READ MORE + |
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| Tips |
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Account alerts add value for member and credit union
Boost use by ensuring your program includes a few basics
Quickly stay in contact with your members on important account updates via account alerts. Account alerts are an effective way to help your members avoid overdraft or late payment fees, provide bill payment reminders and/or prevent identity theft. Messages can be delivered via email, text, voicemail and even through social networking sites like Twitter. READ MORE + |
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NEW MEMBERS
joining Corporate One
in November |
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Howard County School EFCU
Kokomo, IN |
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KEY RATES
as of 11/30/10 |
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Prime
One-Month LIBOR
1Y Treasury Bills
Fed Target Rate
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3.25%
0.26%
0.26%
0-0.25% |
| Fed Funds Plus Average |
Partners
Associate |
0.19%
0.11% |
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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 November |
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| The National Bureau of Economic Research, the unofficial arbiter of when business cycles begin and end, recently declared that the Great Recession ended in June 2009. To John and Jane Q Public, however, the announcement must have seemed like a fairy tale, one concocted in the ivory tower by academics with little connection to the reality of everyday life. While the economy may have technically turned the corner more than a year ago, it has barely recaptured a fraction of the huge losses endured during the 2007-2009 downturn, which was both the deepest and longest since the 1930s. Unemployment remains intolerably high, homes are languishing amidst a weak sales market and an intractable overhang of foreclosed properties, a big chunk of commercial and industrial capacity sits idle, thwarting investment spending, and households are desperately striving to repair balance sheets wrought asunder by the financial crisis, putting off spending... + READ MORE |
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Upcoming Events
Quarterly Economic Update Webinar - December 8, 2010 - 3:00PM - 3:30PM
Corporate One Town Hall Meetings
| Columbus, OH |
January 5, 2011 |
1:00PM - 3:30PM |
| Columbus, OH |
January 6, 2011 |
9:00AM - 11:30AM |
| Lexington, KY |
January 10, 2011 |
1:00PM - 3:30PM |
| Cincinnati, OH |
January 11, 2011 |
1:00PM - 3:30PM |
| Toledo, OH |
January 12, 2011 |
9:00AM - 11:30AM |
| Cleveland, OH |
January 13, 2011 |
9:00AM - 11:30AM |
| Charleston, WV |
January 13, 2011 |
9:30AM - 12:00PM |
| Cleveland, OH |
January 13, 2011 |
1:00PM - 3:30PM |
| Indianapolis, IN |
January 18, 2011 |
9:00AM - 11:30AM |
| Indianapolis, IN |
January 18, 2011 |
1:00PM - 3:30PM |
| Naperville, IL |
January 19, 2011 |
9:00AM - 11:30AM |
| Buffalo, NY |
January 19, 2011 |
1:00PM - 3:30PM |
| Ft. Wayne, IN |
January 20, 2011 |
9:00AM - 11:30AM |
| Pittsburgh, PA |
January 20, 2011 |
9:30AM - 12:00PM |
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