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

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Dear Members:
I am proud to announce that Corporate One will officially be merging in Southeast Corporate Federal Credit Union effective July 1, 2012. The merger comes after approval by the National Credit Union Administration (NCUA) of our application, a positive member vote by the members of Southeast Corporate, and a successful capital campaign whereby, once the merger is completed, Corporate One will have approximately $375 million in total regulatory capital, of which a minimum of $213 million will be in PCC.   READ MORE +

Feature Article
New interest rate risk policy and program regulation
Corporate One webinar series walks credit unions through the new regulation

By: Aaron Rouse, AVP, Quantitative and Operational Risk

Aaron Rouse The National Credit Union Administration (NCUA) recently issued a final rule on interest rate risk (IRR) management. To assist members wanting and needing to know more about this new rule, we’ve developed a complimentary on-demand webinar series, of which we welcome all member credit unions to take advantage. Read more for a quick overview of the regulation, what the regulation means for your credit union and how Corporate One can help you learn more.   READ MORE +
Product News

Corporate One ACH Services update
Reminder: Don’t forget to track changes of your ACH users

Corporate One continues to make great progress in its transition to our new ACH services platform. With the National Credit Union Administration’s condensing of the timeframe to take APEX-ACH offline, we have been working speedily to ensure our new Corporate One ACH Services solution is ready to go, and we are pleased to let you know that we are on the cusp of beginning our conversions. As such, we wanted to provide you a brief update and overview of how the conversions will work as it will be a quick turnaround for all of us involved. And, of course, we offer you our appreciation up front for your patience in working with us as we convert all ACH users to the new system.  READ MORE +

Corporate One Quarterly Economic Update webinar now available

Corporate One’s latest Quarterly Economic Update webinar is now available for viewing. It is on-demand for your added convenience, so you can watch whenever or wherever is most convenient for you. To view the webinar, simply enter the required information into the “Guestbook.” Once you click submit, the webinar will automatically launch.  READ MORE +

SEG/Small Business Origination 101 training now available
Learn about expanding payment offerings; enhance revenue with ACH origination for business members

If you missed the Special Employee Group (SEG)/Small Business Origination 101 training held in May, it is now available for viewing on-demand.  The 60-minute training session is for any credit union personnel interested in learning more about the risks and opportunities surrounding offering ACH origination to business member accounts. READ MORE + 

Industry News

IMPORTANT: Update to the Reg. E application to international electronic transactions originating in the United States

As we reported to you earlier this spring, part of the Dodd-Frank law has been interpreted by the Consumer Financial Protection Bureau (CFPB) to apply current Reg. E consumer protections on domestic electronic transactions to international transactions. The CFPB interpretation will become effective February 7, 2013, and will affect all financial institutions (and other money transfer utilities like Western Union) that process more than 25 electronic international transactions per year. Up to now, federal consumer protection rules have not applied to most of these transfers. The Dodd-Frank Wall Street Reform and Consumer Protection Act changes that by requiring the Bureau to issue rules on remittance transfers. READ MORE +

Quarterly Economic Update Webinar

as of 6/29/12

One-Month LIBOR
1Y Treasury Bills
Fed Target Rate


Fed Funds Plus Average


May Unaudited
Financial Statements

Corporate One Financial Statements

for the month of July 2012
If anyone is looking for Chicken Little, he should be easy to find. Not in recent memory have doomsayers found so many reasons to predict the end of the world as we know it. The euro zone is teetering on the edge of a violent breakup, notwithstanding an array of patchwork measures to save it. Financial markets are poised to absorb another Lehman type shock that caused the harshest global recession since the Great Depression in 2008.  + READ MORE
Upcoming Events

Corporate One will be closed on Wednesday, July 4
in observance of Independence Day.