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2020 News Archives

09/28/2021 - This fall, one of Corporate One’s CUSOs, Lucro Commercial Solutions, is offering an educational conference that features content-rich sessions and connections with industry experts and business leaders. Read more.

09/22/2021 - Regardless of your compliance focus (and credit unions must have risk-based compliance programs covering both BSA/AML and OFAC/Sanctions), there is general agreement on one “pillar:” training. Training is key for BSA/AML and OFAC/Sanctions compliance. Read more.

09/16/2021 - Sherpa Technologies, a wholly owned CUSO of Corporate One Federal Credit Union, has appointed a new member to its board of directors: Haley Murph, Vice President EServices & Payments at Gulf Winds Credit Union in Pensacola, Florida. Read more.

09/15/2021 - These Rules were designed to improve and simplify the ACH user experience by facilitating the adoption of new technologies and channels for the authorization and initiation of ACH payments, reducing barriers to use of the ACH Network, and much more. Read more.

09/14/2021 - A new member has been appointed by Corporate One Federal Credit Union’s Board of Directors to its Enterprise Risk Management Committee: Devon Alexander, Vice President of Enterprise Risk Management at Keesler Federal Credit Union in Biloxi, Mississippi. Read more.

09/09/2021 - Accolade's advisers will discuss an economic overview, the state of credit union balance sheets, and will offer strategies for the future. Attend in person or online.

09/08/2021 - Real-time payments are not only the future of the industry, but they also represent tremendous opportunities for credit unions to enhance member service, streamline business functions, and generate new products and revenue. Read more.

08/17/2021 - Credit unions should begin to consider how they will incorporate the priorities into risk-based compliance programs. Read more.

08/10/2021 - Several enhancements have been made recently to this online trading platform, which already offers easy, convenient access to trading, streamlines the trading process, and customizes data based on your credit union’s investment portfolio. Read more.

08/03/2021 - Despite the uncertainties and challenges of the past 18 months, each CUSO continues to successfully serve credit unions across the country, and I would like to take a moment to highlight their efforts and achievements. Read more. Read more.

07/21/2021 - On June 21, the Federal Financial Institutions Examination Council released updates to four sections of the Bank Secrecy Act/Anti-Money Laundering Examination Manual. Read more.

07/14/2021 - Our resident experts on real-time payments hosted a breakout session at the OCUL's inVest48 conference and discussed the benefits of real-time payments along with the cash-management implications and the around-the-clock responsibilities that come with them. Read more.

07/07/2021 - While much of what was said by the FOMC during their meeting on June 16 was as expected, there are a few notable items worth reviewing, such as the “tapering” of asset purchases and expected interest rate increases. Read more.

07/06/2021 - A couple of months ago, I participated as a mentor for the African American Credit Union Coalition’s “1-to-1 Woman Mentoring Program.” 1-1 Woman is a pilot program initiative to address the stigmas of racism and feminism by pairing women from diverse cultures to learn from each other the barriers that create blind spots, which hinder social and economic development. Read more.

06/22/2021 - Risk assessment is the backbone of risk management, and, as most credit unions know through managing compliance with the complex set of laws and regulations associated with BSA/AML and Office of Foreign Assets Control (OFAC)/Sanctions, a dynamic risk assessment is key. Read more.

06/14/2021 - Check out two new resources in the info center: Value of a Funding Agent for RTP® (video) and Considering a third-party service provider in your real-time payments journey (article). Read more.

06/08/2021 - This edition includes insights on using a third-party service provider to enable your connection to real-time payments along with the latest news about what Sherpa’s been up to. Read more.

06/03/2021 - Among this year’s winners was Corporate One’s former President/CEO Lee Butke. Read more.

06/01/2021 - Whether your organization is still working remotely, planning to return to the office at some point, or implementing a hybrid version of both options, there are a few key factors to consider right now to ensure your “virtual culture” is (and remains) healthy. Read more.

05/18/2021 - Criminals have been able to cash in as more people, particularly seniors, are spending much more time in the digital world than they ever did before due to the pandemic. Read more.

05/13/2021 - Two complimentary webinars next week offer insight into the benefits Sallie Mae student loans can bring to your credit union and its members. Read more.

05/12/2021 - Corporate One has released its full 2020 audited Financial Report, including the Management’s Discussion & Analysis. Thanks to the continued support of members nationwide, Corporate One recorded $16.5 million in net income and closed 2020 with total regulatory capital of $331.2 million. View Corporate One’s 2020 annual audited Financial Report.

05/11/2021 - The early-bird special for this year’s InOHvate (Buy 2, Get 1 free) ends this Friday! We hope you’ll join us for the Midwest's premier financial technology conference designed for credit unions and by credit unions. Learn more.

05/05/2021 - Excited to share the news that our CUSO, Sherpa Technologies, has partnered with Juniper to extend real-time payment functionality available from The Clearing House’s RTP® network and create a real-time, business-to-business (B2B) payments module for correspondents to offer their financial institutions. This solution will allow credit unions an easy entryway to try real-time payments at the account level without having to connect to the network. Corporate One has signed on to be the first correspondent to enable and offer the integrated B2B real-time payment functionality to our member credit unions. Read more.

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.