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Corporate One Releases 2008 Audited Financials

October 19, 2009

Dear Members:

Corporate One is proud to make available to your credit union our 2008 audited financials  along with a brief Q&A  related to them. Of particular note is that with the release of these financials, Corporate One maintains a positive position with regard to reserves and undivided earnings (RUDE) of $65.8 million, as reported in our August 2009 (unaudited) financials.

As you know, a delay in the release of U.S. Central Federal Credit Union’s 2008 audited financials delayed the release of our own audited financials for 2008. Thankfully, collaboration throughout the year with our auditors allowed us to be as prepared as possible so we could quickly turn around our 2008 audited financials to you.

However, due to the delay in releasing our 2008 audited financials, Corporate One will not be publishing and mailing out a 2008 annual report. You are welcome to print the 2008 audited financials for your records by clicking here . Should you not be able to print, you may contact Amy Helsel, Marketing Coordinator, for a copy at 866/MyCorp1 (866/692-6771) ext. 9349 or ahelsel@corporateone.coop.
 
Going forward, Corporate One remains committed to providing our members with our most current financial data. Accordingly, we will continue to publish our monthly financials in a timely manner on our Web site. These monthly financials include an expanded monthly financial reporting package, which offers more details regarding our investment portfolio, and can be found in the “Due Diligence” section of our Web site.

After reviewing our financials, should you have additional questions regarding our financial results or investment valuations, please contact our VP, chief financial officer, Melissa Ashley at 866/MyCorp1 ext. 9351. Questions related to our investment portfolio should be referred to Tammy Cantrell, SVP asset/liability management, at ext. 9312.

Thank you for your continued support of Corporate One. I look forward to our continued partnership.

Respectfully,


Lee C. Butke
President/CEO
866/MyCorp1, ext. 9300
lbutke@corporateone.coop


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