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Solutions > November 2017
DECEMBER 1, 2017:
Social media as AML tool
SimpliCD Institutional Program
Reg. CC Amendments
Real-Time Payments
FEATURED IN THIS ISSUE
Seeking Liquidity to Facilitate Loan Growth? Learn more about two channels of non-member deposits
By Perry Jones, VP, Portfolio Management
This is the time of year when many credit unions are finalizing strategies, goals, and budgets for the upcoming year. And, as loan growth is typically the key component of all three of these activities, consideration must be made for how these assets will be funded. READ MORE.
NOTE FROM THE CEO
Dear Members:
Last month, I hinted that Corporate One would be unveiling a brand-new digital payments solution very soon. And if you tuned in to our Quarterly Fintech Update webinar on November 15, you got a sneak peek at what’s coming. Well, I’m excited to officially tell you that our next big venture into the world of digital payments includes offering our members a unified, open money-movement platform. READ MORE.
PRODUCT NEWS
Five reasons why social media is an underutilized AML investigative tool
By Naomi Glass, BSA/AML/OFAC Compliance Manager
Plus, considerations on developing and adopting social media use policies and procedures. READ MORE.
Four problems, one solution: SimpliCD Institutional Investor Program
By Jeff Duesler, Senior Investments Services Representative
There is a way your credit union can help local businesses/public institutions conveniently diversify their investments through your credit union versus chasing money around town. READ MORE.
INDUSTRY NEWS
Hear Ye, Hear Ye! Regulation CC Amendments are finally here
By Marcy Cauthon, AAP, NCP, EPCOR’s Director of Payments and On-Demand Education
After much anticipation, The Federal Reserve Board has amended check collection and return requirements under Regulation CC (Availability of Funds and Collection of Checks) to facilitate the financial industry’s ongoing transition to a fully electronic check collection and return process. READ MORE.
Live from The Clearing House, It’s Real-Time Payments!
By Brian Laverdure, AAP, EPCOR's Director, Emerging Payments Education
On Monday, November 13, the first live transaction for the newest payment system in America occurred when two banks completed a $3.50 transaction over The Clearing House’s Real-Time Payments system. READ MORE.
Investment Rates
Key Rates (as of 11/30/17)
Prime
4.25%
One-Month LIBOR
1.34%
1Y Treasury Bills
1.60%
Fed Target Rate
1.00-1.25%
Daily Market Account
Partners
1.04%
Associate
0.95%
View all investment offerings at corporateone.coop/rates.
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