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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:
Like many of you, I was stunned by the remarkable image of the Tinker Federal Credit Union vault standing amidst the debris and wreckage left by the recent tornado in Moore, OK. As the only remaining part of the credit union left standing after the storm, I was grateful the employees, members and citizens were able to seek shelter inside the vault.   READ MORE +

Feature Article
 
New and improved portal to access applications, resources and membership information

By: Kurt Lykins, VP, Chief Technology Officer

Joe Ghammashi Since finalizing the merger of Southeast Corporate FCU into Corporate One last summer, Corporate One has been hard at work integrating the processes and memberships of our two separate organizations into one. As we have mentioned throughout the process, this merger presents many opportunities for Corporate One and our collective membership. One such opportunity includes taking advantage of the updated and user-friendly member portal that Southeast Corporate had developed for its membership. This portal is called Members Only.   READ MORE +
Product News

What members are saying about Deposit Return Services
Enjoying faster receipt of deposit returns as well as many other benefits

In March, Corporate One was pleased to announce a new enhancement to our Check 21 solutions – Deposit Return Services. Through our merger with Southeast Corporate, we were excited to gain this solution that enables credit unions to process deposited item returns more quickly. And, with recent changes to Reg. CC as a result of the implementation of Dodd-Frank legislation, Deposit Return Services provides an increasing value to credit unions that now face shortened hold times and increased availability.  READ MORE +


Save the date for annual BSA/OFAC training
“Anti-Money Laundering/Bank Secrecy Act Webinar”

Corporate One invites you to take advantage of our annual Bank Secrecy Act (BSA)/Office of Foreign Assets Control (OFAC) training, specifically designed to help credit unions fulfill their yearly regulatory requirement for training.  READ MORE +


New credit union partners pleased with transition to MBS

Business lending is booming at Member Business Solutions (MBS). Now in its eighth year of operation, MBS, a CUSO owned by Corporate One Federal Credit Union, has to-date underwritten 6,771 loans to the tune of $2.8 billion. MBS is pleased to announce the addition of seven new credit unions that recently selected MBS as their business services partner.  READ MORE +


Cards Corner

New Solutions monthly feature — Cards Corner

Corporate One is pleased to announce a new monthly feature to our Solutions newsletter appropriately called the Cards Corner. Each month, Amy MacMullen, Corporate One’s director of cards services, will enlighten members on an array of industry topics and tactics to help credit unions grow and be more profitable with their cards program.  READ MORE +


Industry News

CFPB issues final regulation on remittance transfers rule (amendment to Regulation E)

Reg EOn April 30, 2013, the Consumer Financial Protection Bureau (CFPB) issued its final rule regarding remittance transfers, implementing section 1073 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The new and final regulations covering international remittance transfers will take effect Oct. 28, 2013 READ MORE +


Save the date
Member Business Solutions 5th Annual Credit Union Small Business Summit coming soon

Member Business Solutions (MBS), the CUSO owned by Corporate One, is holding its 5th Annual Credit Union Small Business Summit July 31 – Aug. 2, 2013, at the Embassy Suites in Atlanta (Buckhead), GA. The summit is open to MBS partners as well as credit unions interested in entering the business lending market.  READ MORE +


Events

KEY RATES
as of 5/31/13

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


3.25%
0.17%
0.36%
0-0.25%

Fed Funds Plus Average
Partners
Associate

0.16%
0.09%


CORPORATE ONE
April Unaudited
Financial Statements

Corporate One Financial Statements
VIEW

MARKET COMMENTARY
for the month of June 2013
The jury is still out as to how much of a spring swoon the economy is going through. But by all indications, it is turning out to be less severe than thought a month or so ago. The disappointing economic data for March– on jobs and retail sales in particular – were followed by more respectable readings in April, and the March estimate for job growth was revised substantially higher. Consumers seem to be holding their own, notwithstanding the hit to takehome pay from higher payroll taxes. The housing recovery remains on track; and household balance sheets continue to mend, thanks, in good part, to rising home values and stock prices.  + READ MORE
Upcoming Events
 
  6/12/2013 - 6/14/2013   7:30 AM ET
 
  6/17/2013   7:45 AM ET
 
  6/19/2013   10:00 AM CT
 
  6/25/2013   10:00 AM PT
 
  6/26/2013   10:00 AM PT
 
  8/8/2013   10:00 AM PT
 
  8/27/2013 - 8/29/2013   2:00 PM ET