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 In This Issue
Note from the CEO
Feature Article
 Product News
 Digital Digest
 Patty's Corner
 Industry News
 Upcoming Events

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Lee Butke This CECL is not the friendly dragon I grew up with

Dear Members:

Big changes are coming soon to the way credit unions calculate ALLL (allowance for loan and lease losses) under the new CECL (current expected credit loss) rules proposed by the Financial Accounting Standards Board (FASB). And we’ve got a solution. READ MORE +

 Feature Article
 
Five reasons one-time callable bonds might be the right investment strategy right now


Jeff Duesler By Jeff Duesler, Senior Investment Services Representative

For investors in the fixed-income market, it feels like Groundhog Day all over again. Why? Let’s recap some recent events: The global economic slowdown has led to continued economic stimulus, including investors paying to hold government debt in the Eurozone and Japan. READ MORE +
 Product News

BSA/AML/OFAC: Recent Settlement Highlights Complicated OFAC Sanctions Compliance

Jennifer Morrison By Jennifer Morrison, VP, Senior Risk Manager

On February 8, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a $2,485,690 settlement with Barclays Bank Plc (Barclays) over its potential civil liability for 159 apparent violations of the Zimbabwe Sanctions Regulations, 31 C.F.R. Part 541. READ MORE +

Attending these conventions? Stop by and visit us.

If you’re attending either the Illinois Credit Union League (ICUL) convention or the Ohio Credit Union League (OCUL) convention, we hope you’ll stop by and visit us during exhibit-hall hours. The ICUL convention is April 7-9, and the OCUL convention is April 18-20. READ MORE +
 Digital Digest

Tips on improving your members’ mobile experiences

Technology is evolving every single day. It probably comes as no surprise that mobile experiences continue to shape the breadth and scope of financial services relationships. Among other issues, credit unions (and other financial institutions) are facing what you could call the “fractured finance scenario.” READ MORE +

 Patty's Corner

The pros and cons of the Corporate One-sponsored BSA/AML training

Spoiler alert. There are no cons to our annual BSA/AML compliance training. The title just sounded better that way. But, I do want to point out some of the great benefits you get when you take this training, because BSA/AML and OFAC knowledge and compliance is critical for every credit union, no matter your size. READ MORE +

 Industry News

Three Same Day ACH scenarios: Risks vs. rewards

By Jennifer Kirk, AAP, EPCOR VP Industry and Government Relations

Same Day ACH presents many beneficial opportunities for credit unions and their members. However, while the industry is abuzz with the upcoming first phase of Same Day ACH implementation on September 23, credit unions cannot not overlook the risks associated with the new faster payment option. Let’s take a look at three different scenarios and weigh the risks and rewards associated with each. READ MORE +


Show kids how to get financially fit: April is National Credit Union Youth Month™

This April, show your young members why credit unions are the number one place for financial fitness during CUNA’s National Credit Union Youth Month.™ The theme this year is Credit Union Strong, which positions credit unions as sources of financial strength; all month long, credit unions will be transformed into high-energy health clubs, and staff members will serve as personal trainers to get kids in top financial shape. READ MORE +


Federal Reserve Bank announces Same Day ACH resource center

If you are looking for answers to some of your Same Day ACH questions, the Federal Reserve Bank is just one place to find helpful resources. Their website has a Same Day ACH Resource Center, which is a repository for many helpful pieces of information. READ MORE +


BSA OFAC webinar series - May 4-5

Live MAX Demo - April 6 Live MAX Demo - April 7

KEY RATES
as of 3/31/16

Prime
One-Month LIBOR
1Y Treasury Bills
Fed Target Rate


3.50%
0.44%
0.63%
0-0.50%

Fed Funds Plus Average
Partners
Associate

0.34%
0.26%


CORPORATE ONE
2015 Audited
Financial Statements

Corporate One Financial Statements
VIEW

MARKET COMMENTARY
for the month of
March 2016
The Federal Reserve had second thoughts about its plans for interest rates that it proposed in December. At the policy meeting held that month, the central bank raised its benchmark short-term interest rate by a quarter-percent, the first increase in nearly a decade, and indicated that it would raise it four more times in equal quarter-point increments, most likely starting in March. + READ MORE
 Upcoming Events
 
 
  4/4/2016   Tampa, FL
 
  4/6/2016   11:00 a.m. ET
 
  4/6/2016   Pensacola, FL
 
  4/7/2016   2:00 p.m. ET
 
  5/4/2016 - 5/5/2016   1:30 p.m. ET
 
  5/10/2016   Medford, OR
 
  5/12/2016   Portland, OR
 
  5/17/2016   2:00 p.m. ET