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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:

Over the last several years we have seen consumers – not just millennials – come to expect faster transaction processing. Non-financial institution service providers, such as PayPal and Apple Pay, allow consumers to move money in (near) real time. Because of this, the Federal Reserve Bank and the National Automated Clearinghouse Association (NACHA) have been working with financial institutions worldwide to develop a path forward to achieve the next big step in payments: Same Day ACH. READ MORE +

Feature Article
 
8 compliance lessons from recent enforcement actions: Part two


Jennifer Morrison By: Jennifer Morrison, VP, Senior Risk Manager

Last month we featured part one of this article, which listed three compliance lessons we should apply based on recent FinCEN enforcement actions penalizing North Dade Community Development Federal Credit Union and MoneyGram’s SVP Thomas Haider. Today in part two, we will pick up where we left off last month and share the remaining five lessons. READ MORE +
Product News

Accolade Users Conference registration reminder

Accolade Users Conference Accolade’s first annual Users Conference is just a couple of weeks away, and we want to remind our clients that there’s still some time left to register. READ MORE +


Register for the 6th CU Small Business Summit by April 1 to take advantage of the reduced rate for attendees

MBS logo Whether you’re a current Member Business Solutions (MBS) partner or just interested in learning more about business lending, you’re invited to the 6th CU Small Business Summit in Charleston, May 4-6, at the Mills House Wyndham Grand Hotel. READ MORE +


“Why Originate” live webinar with EPCOR on March 12

One of the most untapped revenue sources for many financial institutions today is ACH. Even though most financial institutions are already classified as Receiving Depository Financial Institutions (RDFIs), there are a number of advantages to also becoming an Originating Depository Institution (ODFI) that you may not be aware of. READ MORE +


Take advantage of our ongoing investments education opportunities

Peak investing season is fast approaching, and we want to help you invest your excess liquidity wisely. We are offering several educational opportunities to engage members in preparing and planning their 2015 investment strategies.  READ MORE +


Share Draft Imaging to Image Depot .NET conversion reminder

On February 9, Corporate One upgraded the Share Draft imaging service and moved it from the "Share Draft Imaging" menu in MemberView to a new platform named Image Depot .NET (Image Depot). READ MORE +

Cards Corner

EMV: What’s your next move?

By: Amy MacMullen, AVP, Card Products/Product Specialists

Amy Macmullen The Europay, MasterCard and Visa (EMV) liability shift for counterfeit Point of Sale (POS) fraud is right around the corner on October 1, 2015. What will this mean to your credit union? If fraud occurs and an organization does not have EMV technology, that organization is liable for the fraud loss. READ MORE +

For Small Credit Unions

New small CU threshold proposal approved by the NCUA

Small CU icon If you like staying current with the latest credit union news, you may already be familiar with a proposal to redefine the asset threshold of small credit unions. On Thursday, February 19, the NCUA board approved a proposal to raise the threshold of a small credit union from assets less than $50 million to assets less than $100 million. READ MORE +


Industry News

Announcing new restrictions when sending international wire payments

Our international wire partner recently informed us about some new payment restrictions regarding wire transactions that directly impact our service to you and your credit union. READ MORE +


5 important takeaways from EPCOR’s Payment Systems Update Seminars

By: Jennifer L. Kirk, AAP, EPCOR director, industry relations

This is a VERY busy time of year for EPCOR trainers. We work tirelessly to educate over 1,500 members in 52 locations in just 6 short weeks at our in-person Payment Systems Update seminars.
READ MORE +


Paying attention to “Fedspeak,” upcoming statements provide insight into future rates

By: Bob Post, VP, Chief Investment Officer

The employment report for January, released the first Friday in February, revealed strong growth in non-farm payrolls of 257,000, with November and December’s data seeing upward revisions as well.
READ MORE +


Celebrating our AAP staff members for NACHA’s National AAP Recognition Day

Last month on February 10, NACHA partnered with the regional payments associations to honor the accreditation, achievements, and contributions of more than 4,000 accredited ACH professionals (AAP) nationwide. READ MORE +


Stop by and visit us at the CUNA Governmental Affairs Conference (GAC) March 8-12

CUNA GAC logo It’s the biggest week of the year for credit unions, and we are proud to be exhibiting at the Governmental Affairs Conference (GAC) once again this year. Please stop by our booth during exhibiting hours to have a conversation with us on how we can continue to position you in the best possible place for success in 2015. READ MORE +

Why originate

KEY RATES
as of 2/27/15

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


3.25%
0.17%
0.19%
0-0.25%

Fed Funds Plus Average
Partners
Associate

0.16%
0.09%


CORPORATE ONE
Latest Unaudited
Financial Statements

Corporate One Financial Statements
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MARKET COMMENTARY
for the month of
March 2015
It's been a long and arduous climb out of the Great Recession, but the economy’s uphill journey should be getting easier this year. Since the recovery began almost six years ago, it repeatedly stumbled over a host of obstacles. Many of them were homegrown, spawned in Washington out of a deeply polarized mind-set on Capitol Hill. Years of confidence-shattering political bickering led to a debtceiling crisis, a government shutdown and the ill-timed imposition of fiscal austerity that included tax increases and sequestration. This growth-damaging political climate was reinforced by a series of geopolitical shocks, including a sovereign debt crisis, the nearcollapse of the European currency union, and exceptionally slow growth among developed nations induced, in large part, by harsh austerity policies.

But while the U.S. economy stumbled, it never buckled; indeed, it actually performed considerably better than most of its overseas brethren. Much of the credit goes to the Federal Reserve, which stepped in early and aggressively to foster growth with a massive dose of monetary stimulus. And while the economy failed to build consistent momentum, growing erratically at about half the normal cyclical pace, it successfully navigated a grueling healing process from the Great Recession and financial crisis. That involved restoring health to a battered financial system, repairing household balance sheets and replenishing depleted corporate coffers with sturdy profit gains that facilitated a historic stock market rally. + READ MORE
Upcoming Events
 
  3/3/2015   11:00 AM ET
 
  3/4/2015   11:00 AM ET
 
  3/5/2015   11:00 AM ET
 
  3/18/2015 - 3/20/2015   Multi-day conference
 
  3/31/2015   9:00 AM ET
 
  4/1/2015   9:00 AM ET
 
  4/14/2015   9:00 AM PT
 
  4/16/2015   9:00 AM PT
 
  5/4/2015 - 5/6/2015   Multi-day Conference