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2020 News Archives

05/04/2021 - On April 29, Corporate One addressed the unprecedented year that was 2020, announced the results of the election of directors, highlighted our financial and strategic achievements, and addressed our ongoing response to COVID-19. Read more.

04/15/2021 - Our CEO/President Melissa Ashley was recently a guest on LSCU's Podcast "Common Cents." Tune in and to hear how credit unions can gain access to real-time payment opportunities and utilize The Clearing House’s RTP Network. Learn how Corporate One is helping credit unions stay in the payments game as transactions continue to shift to digital, frictionless, real-time payment experiences. Listen now.

04/13/2021 - Corporate One announced today that it has begun supporting its first credit union, Crane Credit Union, on its recently launched Funding Agent Service for The Clearing House’s (TCH) RTP® network. Corporate One’s Funding Agent Service comprehensively facilitates the 24/7/365 funding management for credit unions on the RTP network and completes a journey that began last year when Corporate One was the first credit-union-specific financial institution to commit to becoming a funding agent. Real the full announcement.

03/26/2021 - Corporate One today released its 2020 audited financials and footnotes, which reveal the year closed as one of Corporate One’s strongest, with $16.5 million in net income. Further, Corporate One’s regulatory capital exceeded $331.2 million, as of December 31, 2020. View Corporate One’s 2020 Audited Financials and Footnotes.

03/23/2021 - Featuring a brand-new look and feel, including new resources, our info center offers educational insights, highlights important industry information, and reviews our available solutions so your credit union can find success with real-time payments. Read more.

03/16/2021 - This program has enabled financial institutions to assist law enforcement in tracking down the financial assets of suspected terrorists and money launderers. Read more.

03/09/2021 - Receiving Depository Financial Institutions will receive files of SDA transactions by 5:30 p.m. ET/2:30 p.m. PT, and interbank settlement will occur at 6:00 p.m. ET. Adjustments to Federal Reserve services include extending the closing of NSS by one hour to 6:30 p.m. ET, and Fedwire Funds Services will close at 7:00 p.m. ET. Read more.

03/02/2021 - Corporate One has many exciting initiatives underway, and one of those initiatives is the upcoming rollout of a new and enhanced Member$MART, our web-based account management system. Read more.

02/17/2021 - One of the ways to jumpstart your digital transformation journey is by implementing solutions that simplify your members’ experiences and increase their engagement with your credit union. But with so many available options for fintech solutions, how do you choose? Read more.

02/10/2021 - The CTA targets anonymous shell companies and enhances financial institutions’ capabilities when it comes to gathering required beneficial ownership information. Read more.

02/08/2021 - Janice Hollar, Chief Financial Officer at Achieva Credit Union in Dunedin, Florida, has been appointed to Corporate One Federal Credit Union’s board of directors, which fills an open position that commenced on February 1. Read more.

02/08/2021 - The new window for Same Day ACH goes into effect on March 19, expanding ACH Same Day availability by two hours to 4:45 p.m. ET. While this new window will provide greater access for ODFIs and their members, it will also likely require operational adjustments at your credit union. Read more.

02/02/2021 - Being a participant in this important program aligns with our real-time payments strategic goal of enabling future access and creating opportunities for credit unions to take advantage of real-time payments. Read more.

01/25/2021 - The program will support development, testing, and adoption of the FedNow Service, the Federal Reserve Banks' upcoming instant payments offering, as well as encourage development of services and use cases that leverage FedNow functionality. Read more.

01/12/2021 - Effective March 19, 2021, the new Same Day ACH rule creates a new processing window. This new window will enable Originating Depository Financial Institutions (ODFIs) to originate Same Day ACH (SDA) transactions for an additional two hours each banking day, providing greater access for all ODFIs and their members. Read more.

01/07/2021 - The integration of Sherpa’s identity and document verification-provided solution, ID-Pal, into CULedger’s MemberPass, will enable the first KYC-backed digital credential that provides credit unions a solution to verify their members’ identities. Read more.

01/06/2021 - The pandemic substantially altered or impacted almost everything in our economy this past year. By way of review, here are a few highlights along with a look at what's ahead. Read more.

12/21/2020 - Timeshare fraud has become such a major problem that the FBI Criminal Investigative Division and the SEC’s Office of Investor Education and Advocacy issued an alert to warn consumers of the recent increase in fraudulent schemes. Read more.