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Solutions > May 2019
June 2019:
BSA/AML Hot Topics
OCUF Donation
ACH Topics
P.O. Box Retirement
FEATURED IN THIS ISSUE
Public fund deposits and your credit union
It’s time to dispel the traditional thought process that public fund deposits, or deposits for government entities, are not available for most credit unions. READ MORE
A message from Melissa
Central to the ongoing value Corporate One provides credit unions are the focused and competitive solutions successfully provided by our three wholly owned credit union service organizations (CUSOs): Accolade Investment Advisory, Lucro Commercial Solutions, and Sherpa Technologies. READ MORE
PRODUCT NEWS
BSA/AML Hot topics: U.S. Treasury issues updated OFAC compliance framework
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued “A Framework for OFAC Compliance Commitments” on May 29, 2019. The Framework is a comprehensive update and OFAC’s first in nearly a decade. READ MORE
ACH Topics: Updated rules effective this year
Here is a timely reminder of a few updated rules that have either already gone into effect or will go into effect before the end of this year. READ MORE
Please update your records: Upcoming P.O. Box address retirement
Corporate One is retiring its P.O. Box on July 31, 2019. READ MORE
INDUSTRY NEWS
Corporate One donates $25,000 to the Ohio Credit Union Foundation to help with disaster relief
In the aftermath of tornadoes in Ohio during the last week of May, Corporate One has taken steps to assist credit unions that are recovering. READ MORE
Investment Rates
Key Rates (as of 7/1/19)
Prime
5.50%
One-Month LIBOR
2.43%
1Y Treasury Bills
2.16%
Fed Target Rate
2.50%
Daily Market Account
Partners
2.17%
Associate
2.09%
View all investment offerings at corporateone.coop/rates.
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