First in a three-part series covering hot button, risk-related issues facing credit unions
8/26/2014 -- Keeping members informed of industry practices that can put your credit union at risk is important to us at Corporate One. For that reason, we are introducing a three-part risk series in Solutions covering BSA/AML hot button issues such as money services businesses (MSBs), cross-border activity and third-party payment processors. This month we’re exploring MSBs, what they are and the risks they present to your credit union.
8/21/2014 -- Corporate One Federal Credit Union has signed a five-year renewal agreement with PSCU for credit and debit processing services. The CUSO provides payment processing and support services to 70 Corporate One credit unions representing approximately 130,000 members. As a result of the partnership that began in 2009, Corporate One members utilizing the debit card program show an overall increase in cardholder growth of 12 percent and a 45 percent increase in combined signature and PIN transactions. Read Press Release ►
8/20/2014 -- No need to sound the alarm bells and no need to panic, but it is time to be prepared for the need for liquidity; and that means having a written plan. We at Corporate One have found an excellent reference provided by all the federal banking agencies who have issued guidance to provide sound practices for both managing funding and liquidity risk and for strengthening liquidity risk management practices.
8/15/2014 -- To better serve its partner credit unions and credit union borrowers, and to allow for future growth, Member Business Solutions, a credit union service organization owned by Corporate One, has decided to use nCino’s Bank Operating System – an automated workflow and decisioning application. This system helps borrowers receive loans faster through smarter decisioning, and offers partners a clearer view of loan production and a more thorough understanding of borrowers. Read Press Release ►
7/1/2014 -- Corporate One’s May 2014 unaudited monthly financials are now available. View the May Unaudited Financials.
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There will be no commentary over the Labor Day weekend. The next issue
will be published on September 5.
What, me worry? The financial markets appear to be following Alfred E.
Neuman's oft-quoted expression of nonchalance to the T. Despite geopolitical
turmoil percolating in Gaza, Ukraine, Syria and Iraq and the still-uncertain
fate of the economy and monetary policy, stock prices continue on its merry way,
forging higher to new record territory this week before slipping back a tad on
Read More ►
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