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

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Lee Butke Dear Members:

As Andy Williams reminds me each holiday season, “It’s the most wonderful time of the year.” Along with all the parties for hosting and marshmallows for toasting that fill the holiday season with joy, I also enjoy taking the time to reflect on where we’ve been and where we’re going. READ MORE +

Feature Article
 
Fed completes exit strategy, market begins to contemplate higher rates, Corporate One helps members raise liquidity


Bob Post By: Bob Post, Chief Investment Officer

The economic backdrop improved throughout much of 2014, led by better employment and manufacturing data, driving GDP to rebound from a weak first quarter. In October 2014, the Fed completed and exited their bond buying program as expected. Interestingly, as the Fed tapering played out this year, the Treasury yield curve flattened. READ MORE +
Product News

Reminder about 2015 Share Draft Imaging System Conversion

Earlier this month we announced the upcoming streamlining of our member-facing share draft imaging solutions to one platform, Image Depot .NET (Image Depot). READ MORE +


Reminder: Primary Financial (SimpliCD) moving to electronic daily/monthly statements

The managers of SimpliCD (Primary Financial, LLC) will discontinue mailing monthly SimpliCD statements to clients beginning with the January 2015 statement. READ MORE +


Corporate One’s training and outreach review

Over the years, Corporate One has hosted a variety of in-person seminars and webinar training events. We understand that part of the value we provide to our members is through on-going training and education. READ MORE +


Make sense of current economic conditions and how future trends could impact your credit union’s bottom line
Quarterly economic update webinar and podcast now available


Understanding the ever-changing trends in our complex economy is vital to the effective management of your credit union. READ MORE +


Save the date: MBS 6th CU Small Business Summit
May 4-6, 2015, Charleston, SC


Join us in Charleston’s charming Historic District for the MBS 6th CU Small Business Summit, May 4-6, 2015.  READ MORE +



Cards Corner

Reducing fraud and frustration with EMV

By: Amy MacMullen, Director of Card Services

Amy Macmullen For credit unions, the biggest benefit of EMV (Europay, MasterCard, Visa ) chip cards is their powerful fraud prevention technology. Because every EMV card is essentially a small, secure computer, EMV cards are nearly impossible to counterfeit. READ MORE +

For Small Credit Unions

Check out Corporate One’s complimentary, on-demand training opportunities

Small CU icon By: Patty Matthews, Corporate Trainer

As a small credit union with staff wearing multiple hats, do you find it difficult to find time to further your staff’s financial education through time-scheduled webinars and live training events? READ MORE +


Industry News

2014 version of the “Bank Secrecy Act/Anti-Money Laundering Examination Manual” recently released

By: Jennifer Morrison, VP, Senior Risk Manager

The Federal Financial Institutions Examination Council (FFIEC) released the 2014 Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual on December 2, 2014. READ MORE +


Are you ready for new ACH Rules coming in 2015?

By: Jennifer L. Kirk, AAP, EPCOR

With 2015 right around the corner, your financial institution could be left behind if it isn’t prepared for the new ACH Rules. READ MORE +


Regulatory Alert: CFPB amendments to the remittance transfer rule

If your credit union sends money to foreign countries on behalf of members or non-members within your field of membership, you may have to comply with recent changes to the remittance transfer revisions of Regulation E, which implements the Electronic Fund Transfer Act. READ MORE +


Corporate One proudly supports Indiana Credit Union Foundation

Member Relationship Executive Marty Orr was pleased to present members of the Indiana Credit Union Foundation with Corporate One’s annual $5,000 donation. READ MORE +


Making the holiday season merry for others in need

Giving back to the community during the holidays is important to our Corporate One family. This year two of our corporate offices participated in the Salvation Army’s Angel Toy Drive. READ MORE +

Happy New Years!

KEY RATES
as of 12/29/14

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


3.25%
0.15%
0.15%
0-0.25%

Fed Funds Plus Average
Partners
Associate

0.16%
0.09%


CORPORATE ONE
Latest Unaudited
Financial Statements

Corporate One Financial Statements
VIEW

MARKET COMMENTARY
for the month of
January 2015
Unless the weather intervenes again, the economy should fulfill the promise that seemed within reach just a little over a year ago. Recall that things were heating up quite nicely towards the end of 2013. The economy staged its strongest growth rate in ten years during the third and fourth quarters and seemed to be building momentum as the calendar page was about to turn to 2014. Companies added jobs at a robust clip during the fall months, households stepped up spending amid rising optimism and healing balance sheets. Plus, the fiscal impediments that dragged down growth in 2012 and 2013 were no longer in place. The Federal Reserve, in turn, was poised to scale back its ultra easy monetary policy and the financial markets braced for a rise in interest rates.

But as they say, the best-laid plans often go awry. Before this virtuous scenario could play out, Mother Nature stepped in and unleashed one of the cruelest winters in recent memory. In a heartbeat, the growth engine hopped off the track as overall activity contracted in the first quarter. Because of the checkered history of the recovery and the lingering hangover from the Great Recession, many wondered if the earlier strength was nothing more than another “false dawn”. The skeptics included the Federal Reserve, which retained its near zero interest rate policy in effect since December 2008 and continued the bond-purchase program until late in the year. Instead of rising, long-term interest rates went into a remarkable free-fall, sliding by nearly 1 percentage point over the course of 2014. + READ MORE
Upcoming Events
 

Corporate One will be closed in observance of New Year's Day: Thursday, January 1, 2015.

 
  3/18/2015 - 3/20/2015   Multi-day conference