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2018 News Archives

October 25, 2018 (9:10am ET) - Now you can easily access Corporate One’s educational content in one convenient place. READ MORE.

October 22, 2018 (3:26pm ET) - My strategy as Corporate One’s new CEO/president is built upon six foundational strategic pillars, which I believe best position us to serve you and continue to help your credit union succeed in the rapidly changing financial marketplace. READ MORE.

October 18, 2018 (4:21pm ET) -- This final Ruling follows several 90-day limited exceptive relief releases from FinCEN as they studied the issues financial institutions encountered implementing the Beneficial Ownership Rule on May 11, 2018. Read more.

October 12, 2018 (12:12pm ET) -- The National Credit Union Foundation (the Foundation) has opened CUAid to accept disaster relief funds to assist credit union people affected by Hurricane Michael, a Category 4 hurricane that has caused catastrophic effects across Florida and Georgia. Donations to CUAid are being used for any credit union employees and volunteers affected by this hurricane. Credit union supporters in every state can make donations through www.cuaid.coop.

10/04/2018 -- Corporate One’s August 2018 unaudited financials 5310 report are now available. View the August Unaudited Financials and 5310 report.

9/4/2018 -- Corporate One Federal Credit Union announced today that Melissa A. Ashley has been named to the position of President/CEO effective September 1, 2018. Ms. Ashley succeeds retiring President/CEO, Lee C. Butke, who had announced his planned departure previously in March of this year. Butke will support an effective and orderly transition as Consultant to the Board of Corporate One in the coming months.

Read the full press release.

9/06/2018 -- Corporate One’s July 2018 unaudited financials 5310 report are now available. View the July Unaudited Financials and 5310 report.

08/22/2018 -- As you may be aware, the Controlled Substances Act (CSA) makes it illegal under federal law to manufacture, distribute, or dispense marijuana. While certain states have legalized marijuana, which has spurred economic growth in this sector of business, federal law has yet to change. READ MORE.

8/16/2018 -- Whether you’re already knee-deep in the middle of planning for next year or about to get started, here are a few important financial trends and opportunities to keep in mind as you make future plans for your credit union and your members. READ MORE.

08/13/2018 -- Looking to grow revenue through improved digital onboarding experiences for new members or by expanding your mobile lending offerings? Your credit union may be eligible for a grant from the NCUA’s Community Development Revolving Loan Fund (CDRLF) in the digital services and security area. READ MORE.

08/08/2018 -- Composed of a diverse group of stakeholders, many consider the FPC to be the biggest change to our payment system since the introduction of NACHA. A brief primer on where things stand with establishing the FPC follows. READ MORE.

8/07/2018 -- Corporate One’s June 2018 unaudited financials 5310 report are now available. View the June Unaudited Financials and 5310 report.

6/29/2018 -- Corporate One’s May 2018 unaudited financials 5310 report are now available. View the May Unaudited Financials and 5310 report.

Corporate One joins Catalyst Corporate FCU and Alloya Corporate FCU in funding the TranzCapture CUSO, and we will be transitioning our inclearing and deposit processing to TranzCapture later this year. Read more.

06/18/2018 -- On April 24, the Governance Framework Formation Team unveiled its draft governance framework design for a new organization to be named the U.S. Faster Payments Council. This design remains a work in progress, with a number of open issues. Read more.

06/13/2018 -- On May 11, the FFIEC released updates to the BSA/AML Examination Manual, coinciding with the Applicability Date of the Final Rule. It is imperative that all BSA/AML and Compliance professionals obtain the FFIEC updates as they form the basis for your federal and state examinations. Read more.

5/31/2018 -- Corporate One’s April 2018 unaudited financials 5310 report are now available. View the April Unaudited Financials and 5310 report.

05/30/2018 -- Still thinking your credit union can’t accept public fund deposits? Public fund deposits are an acceptable and viable funding option for all federally insured credit unions, regardless of whether you are federally or state chartered. Learn more in this on-demand webinar.

05/23/2018 -- After facing numerous problems with their previous account-opening product, Achieva’s mission of providing good user experiences is back on track since implementing our digital new member acquisition solution, Gro. Read more.

Accolade’s significant growth over the last five years now has provided the opportunity for Joe to turn his attention fulltime toward this CUSO. Read more.

05/14/2018 -- At our annual meeting on April 26, Corporate One highlighted our 2017 achievements, announced the results of the election of directors, and shared our vision for the rest of 2018 and beyond. Read more.

05/09/2018 -- The new CDD Rule is the most important change in the BSA/AML industry in decades, and it goes into effect on Friday, May 11. Read more.

5/4/2018 -- Corporate One’s First Quarter 2018 unaudited financials and March 5310 report are now available. View the First Quarter Unaudited Financials and March 5310 report.

04/24/2018 -- Last year’s national member event was a huge success, and if you didn’t attend, we want you to come see what all the excitement was about! Registration is now open for this year’s event, a one-of-a-kind, two-day member conference, which will once again be in the heart of Music City: Nashville, Tennessee. Read more.

UPDATED 04/23/18 -- Corporate One today released its full 2017 Annual Financial Report, complete with the Management's Discussion and Analysis, as well as the audited financials and footnotes. Thanks to the continued support of members nationwide, Corporate One recorded $13.1 million in net income in 2017, for a total regulatory capital position of more than $294.8 million as of Dec. 31, 2017.

04/23/2018 -- If you missed these April webinars, now is a great time to check them out on demand:

2018 Second Quarter FinTech update: Understanding Distributed Ledger Technology. Get a basic overview of distributed ledger technology, commonly referred to as blockchain.

Money Movement and Digital Payments Demo. Our digital payments and money-transfer platform, powered by Payveris, is the key to meeting credit union members’ modern-day financial expectations while keeping your credit union at the center of digital commerce. Learn more about the solutions supported, including bill pay, A2A, P2P and more.

04/19/2018 -- The traditional thought process is that public fund deposits, or deposits for government entities, are not available for most credit unions. However, public fund deposits are actually available to all federally insured credit unions. Per Call Report data, these deposits currently exceed $5 billion and have become an important funding source for credit unions. Read more

02/28/2018 -- Spring is prime student loan season for many college students and their parents, and we’d like to let you know about some exciting changes coming to Sallie Mae’s Smart Option Student Loan® program.

02/21/2018 -- Let’s review a few strategies to consider this month as the FOMC continues to normalize interest rates and the global economy picks up steam.

02/14/18 -- Whether it’s our second annual national member leadership event later this fall, a free educational webinar, or a regional conference, don’t miss these special opportunities to engage with us, network with each other, and gain some valuable education.