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From the CEO
December 30, 2019

Dear Members:

A poignant quote that rings true with me right now is one by William Arthur Ward: “Feeling gratitude and not expressing it is like wrapping a present and not giving it.” Since we’ve just been through a season of receiving and giving gifts, and as I have a lot of gratitude for Corporate One's many accomplishments this year thanks to our members, I’d like to take a moment and express a few things I’m thankful for before we march full speed ahead into the New Year.

First and foremost, I’m grateful for the ongoing support of our members, which helped us achieve another year of strong financial growth while also providing critical funding, settlement, payment, and digital solutions. We’re wrapping up another successful year with one of highest regulatory capital levels in the corporate network. Our financial performance in 2019 was solid, and we are projecting total perpetual contributed capital (PCC) dividends paid during 2019 to be $4.3 million. Our members will have earned over 40 percent more than what they earned in 2018, which is the highest dividend level of PCC paid out in Corporate One’s history.

Along with our members’ continued support and our solid financial strength, I’m also thankful for:

  • Our proficient, knowledgeable board of directors. Their dedication and passion for Corporate One’s strategic vision allows us to continue to be a valued partner for our members.
  • Our partners at the national, state, and local levels who help us embrace opportunities to champion, support, and fund ongoing efforts that advance our industry and further engagement with credit unions across the country.
  • The 21 new members that have joined us in 2019.
  • Our continued leadership in the faster-payments arena as we progress toward our overall vision of providing a world-class cash management system to our members. In September, we became a Funding Agent for credit unions on The Clearing House’s RTP® Network, and we were the first credit union-specific provider to offer this service.
  • Our investment in TranzCapture, a CUSO that offers integrated item processing capabilities and state-of-the-art technology solutions, such as a fraud protection service that provides credit unions with additional risk mitigation.
  • Our own CUSOs and their continued success. Each has had a very busy year:
    • Sherpa Technologies successfully launched this past January with the mission to help credit unions develop and execute a digital transformation plan that meets their strategic vision and organizational objectives. Recently, Sherpa also partnered with Horizon Two Labs to establish Fintech Accel | CU, an innovation platform for the credit union industry that connects fintech startups with credit unions to solve the industry’s problems.
    • Lucro Commercial Solutions built and launched an award-winning online business lending platform, the Digital Lending Center, which won a Best User Experience award at this year’s OutSystems conference. The online platform has been well received by Lucro’s clients.
    • Accolade Asset/Liability Advisory Services continues to drive value and offer strategic support to credit unions nationwide.

Overall, 2019 was another outstanding year for Corporate One marked by many successful achievements for the benefit of our members, and I’m looking forward to the many opportunities 2020 presents. On behalf of everyone at Corporate One, thank you for continuing to support your corporate partner, and we wish you all the best for the New Year.

Melissa Ashley