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 In This Issue
Note from the CEO
Feature Article
Product News
Cards Corner
Industry News
Upcoming Events

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Dear Members:
When credit unions think of their corporate today, they may think of it as a check processor, a provider of electronic payment services, or a place to invest their excess funds, all of which is true, of course. And, while corporate credit unions have grown into their roles as providers of these services, it’s being providers of liquidity that gave us our start, and being a reliable liquidity provider today is still our most important role.   READ MORE +

Feature Article
 
New mobile app and updated Web site slated for Alliance One in September

Cardholders will be able to access more than 4,800 ATMs from wherever, whenever
By: Paul Hixon, VP, Marketing and Communications

Melissa AshleyOn September 16, 2013, Alliance One, one of the nation’s largest selective surcharge-free ATM groups, will launch a new mobile ATM Locator app and an updated Web site. We are excited about these enhancements, which were designed to improve usability for cardholders and streamline account maintenance for participants. Announcement letters were sent out to participating credit union CEOs earlier this month. Over the coming weeks, we’ll be in touch with Alliance One contacts on details about the roll-out of these exciting enhancements.  READ MORE +
Product News

Now offering FTP images for share drafts
More options now available for retrieving share draft images

Constructing our future Corporate One is pleased to announce that among the many benefits from the merger with Southeast Corporate, we are now able to offer members another option for share draft images. Members may continue to enjoy the benefits of instant online access to digital images through Member View, or now through our new secure File Transfer Protocol (FTP) image service.  READ MORE +


Reminder: Learn how to enhance your bond/insurance program while reducing costs with two complimentary webinars
Registration now open

Corporate One members are invited to attend two upcoming webinars that will help them gain a better understanding of how they can reduce expenses and mitigate risk through Corporate One’s Insurance and Bond Services, offered through our partnership with Lockton Companies.  READ MORE +


Upcoming webinar reviews NCUA's proposed derivatives regulation and explores strategies to manage interest rate risk
Find out if hedging with derivatives will work for your credit union

In addition to Accolade’s upcoming balance sheet and interest risk rate workshops, Accolade’s Board Chairman/CEO, Joe Ghammashi, who is also Corporate One’s SVP/Chief Risk Officer, will be taking a deeper dive into derivatives for CFOs at credit unions with $250M + in assets in a brand new webinar.  READ MORE +


Opportunities abound for credit unions to learn how to identify and manage risk while meeting NCUA expectations

Accolade’s Board Chairman/CEO, Joe Ghammashi, who is also Corporate One’s SVP/Chief Risk Officer, has conducted a handful of successful educational sessions on risk and balance sheet management. With their success, we’re pleased to announce additional educational seminars and workshops taking place this fall to help credit unions with their risk management program.  READ MORE +


Daily and monthly ACH statistical reports are now available in ACH Services

Daily and monthly statistical reports are now available in ACH Services. The new reports are: Origination daily stats, receipt daily stats, monthly origination stats and monthly receipt stats.  READ MORE +


Cards Corner

Mitigate ATM/debit and credit card fraud with Corporate One’s CardLock Solution

Amy Macmullen Credit and debit card fraud takes place every day in a variety of ways. It’s an unfortunate reality that requires card issuers and cardholders to remain vigilant in fraud mitigation and prevention efforts. And, one of the best things a credit union can do for its cardholders is to educate them on how they can  keep their accounts safe.  READ MORE +


Industry News

BSA/AML compliance: Is your credit union doing enough?
By: Jennifer Morrison, VP, Senior Risk Manager

Robert Coyan HeadshotCredit unions have been required to “Know Your Member” since 1994, well ahead of the USA Patriot Act which was introduced in 2001. However,  regulatory enforcement actions beginning in 2004 raised the bar on their expectations of member assessments, indicating that regulators expect more from credit unions than just “knowing your member.”  READ MORE +


Join us! Upcoming convention in Indiana

The Indiana Credit Union League 79th Annual Meeting & Convention is just around the corner on Sept. 25-27.  We look forward to seeing our Indiana members during this convention, which takes place at the JW Marriott in downtown Indianapolis.  READ MORE +


Reminder: Wear jeans to work and help local kids, Sept. 18

Support Credit Unions for Kids and your local Children's Miracle Network Hospital by participating in this year’s Miracle Jeans Day on Sept. 18. Employees can donate as little as $5 to wear jeans for the day, and for donating $25 they get a free t-shirt.  READ MORE +


Accolade Workshops

KEY RATES
as of 8/30/13

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


3.25%
0.18%
0.36%
0-0.25%

Fed Funds Plus Average
Partners
Associate

0.16%
0.09%


CORPORATE ONE
July Unaudited
Financial Statements

Corporate One Financial Statements
VIEW

MARKET COMMENTARY
for the month of Sept. 2013
With the heat of the summer fading from memory, let’s hope that the sizzling and overwrought debate over monetary policy will also cool down. For the better part of the past few months, nothing has been more of a lightning rod than speculation over when or even should the Federal Reserve start to taper off its bond-purchase program. Since last December, the central bank has been purchasing $85 billion a month of Treasury and mortgage-related securities in an effort to hold down long-term interest rates and juice up the lackluster economic recovery. Many believe that the Fed will start reducing the volume of purchases following the September 18 policy-setting meeting, which would be earlier than expected a few months ago. Not surprisingly, that prospect has sent shock waves through the financial markets, where fear is running rampant over what a less supportive Fed would bring about. The fear is taking many forms— that it will choke off the recovery, kill the four-year old stock-market rally, stifle the housing revival, destabilize financial markets and send borrowing costs sky-high, among other worries. From our lens, all of these variations can be summed up simply: fear of the unknown. To some extent that’s understandable, as policy changes often produce unintended consequences. Uncertainty, in turn, is a timehonored breeding ground for volatility, which has clearly reared its ugly head whenever it seemed the tapering process was getting closer to the starting gate.  + READ MORE
Upcoming Events
 
  9/12/2013   2:00 PM ET
 
  9/24/2013   12:00 PM ET
 
  9/25/2013   2:00 PM ET
 
  10/8/2013   10:00 AM CT
 
  10/9/2013   10:00 AM CT
 
  11/5/2013   10:00 AM ET
 
  11/12/2013   10:00 AM MT
 
  11/14/2013   10:00 AM PT