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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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Member Business Solutions celebrates 10 years
Sign up now for introductory business lending webinar

Dear Members:
This is the time of year when we reflect on all our blessings and celebrate all that we’ve been given. At Corporate One, thanks to the tremendous support of our members, we have much to celebrate, and many reasons to be grateful. But with so many reasons to celebrate this holiday season, I want to take this opportunity to recognize one specific success story – that of our newly acquired, wholly owned CUSO, Members Business Solutions (MBS).  READ MORE +

Feature Article
 
De-risking trends at big banks affect credit unions

By: Jennifer Morrison, VP, Senior Risk Manager

Jennifer Morrison"De-risking” was a theme at the recently held Association of Certified Anti-Money Laundering Specialists (ACAMS) 12th Annual AML & Financial Crime Conference. According to a panel of compliance and law enforcement officials at the convention, large banks are shedding their "good" customers in an effort to reduce the bank’s overall risk profile (de-risking), even if the business line or customer is or was otherwise profitable. Once released from big banks, these riskier customers end up at the doors of small banks and credit unions. These riskier customers assume small banks and credit unions are unsophisticated to the regulatory burdens they bring with them.   READ MORE +
Product News

Credit unions on the Smart Option Student Loan® program - don’t forget to take advantage of the winter semester surge
Not on the program? Get started now!

Sallie Mae While most student lenders ramp up outreach efforts during the spring and summer, when college-bound students and their families are at the height of seeking financing for the next school year, interest increases again during December, as this is when many students and families again focus on trying to fill in funding gaps and/or start the school year during winter semester. READ MORE +


Reminder, new wire call-in PINs take effect Dec. 5

Earlier in November, all call-in wire users should have received a new call-in PIN and acknowledgement form. The call-in PINs are updated every two years and the current PIN is expiring on Dec. 5, 2013. At that time, the new PINs will go into effect.
READ MORE +


Reminder: Dec. 9 core upgrade, transfer of certain duties from MemberView to Member$MART

Constructing our future We wanted to remind credit unions using MemberView for cash management, settlement activities and reporting that we will be moving these functions to Member$MART on December 9, as a result of our core loan and deposit system upgrade. READ MORE +


Cards Corner

Meet PAU=L, your card program’s new best friend
Fuel program growth by leveraging the fundamentals

Amy Macmullen Debit and credit card usage is greater than ever, but many financial institutions' cards programs aren’t keeping pace. The most successful programs have solid foundations that don’t lose sight of the fundamentals: deep penetration of the membership along with active participation and usage. And when leveraged strategically, these fundamentals fuel enhanced member loyalty to ensure a strong cards program. READ MORE +


For Small Credit Unions

Take advantage of limited time promotions to better serve business members with ACH origination
By: Marcus Wannemacher, VP, Operations

April 8, 2014 icon Small credit unions have the opportunity to effectively compete in today's marketplace by establishing an integrated Automated Clearing House (ACH) service that includes ACH origination. Many credit unions are finding the best way to strengthen their relationships with their small/medium business members and Select Employee Groups (SEGs) is through
ACH services. READ MORE +


Industry News

“Grow Your Loan Portfolio with Member Business Loans Webinar”
Wed., Jan. 15, 2014 10:00-11:00 A.M. ET

Member Business Solutions (MBS) is hosting a complimentary webinar for members interested in learning more about business lending. The webinar session will explore four different business models to grow a business loan program, which includes referrals from branch managers, dedicated business development officers, shared business development officers between credit unions and participation loan purchase only.  READ MORE +


Holiday cash ordering reminder

Due to both the Federal Reserve and Corporate One being closed in observance of Christmas Day on Wednesday, December 25, 2013, and New Year’s Day on Wednesday, January 1, 2014, you may need to change your cash ordering process. READ MORE +


“Crash the GAC” applications sought from young credit union professionals

Crash the GAC The Cooperative Trust, part of the Filene Research Institute’s young professionals program is encouraging credit union professionals under the age of 30 and with limited funds to “Crash the GAC." READ MORE +


Corporate One employees give back

Help stock area food banks

With the season of giving upon us, Corporate One is proud to report another successful food drive, with our employees collecting food to help stock local area food banks and humane societies. READ MORE +


Happy Holidays

KEY RATES
as of 11/29/13

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


3.25%
0.17%
0.12%
0-0.25%

Fed Funds Plus Average
Partners
Associate

0.16%
0.09%


CORPORATE ONE
October Unaudited
Financial Statements

Corporate One Financial Statements
VIEW

MARKET COMMENTARY
for the month of Dec. 2013
Once again the resilience of the U.S. economy has been tested; and once again it passed with flying colors. Despite the confidence-battering partial government shutdown, there is hardly any evidence that the ordeal caused pain for the economy. The litmus test for performance was the reaction of the job market, where a significant, if temporary, blow was expected. Instead, job gains far exceeded expectations in October; what’s more, the increases for August and September were revised sharply higher. Over the most recent three months, the economy generated a respectable 202 thousand jobs a month.

Likewise, gross domestic product showed more spunk in the third quarter than expected. Instead of a projected slowing from the second-quarter’s 2.0 percent pace, real GDP increased by a 2.8 percent annual rate during the July-September period, surprising even the most optimistic forecasters. These upside surprises are welcome, even as they mark a shift from the recent past. Throughout most of the recovery, policy makers along with many private economists issued overly optimistic projections, only to be disappointed when the economy failed to live up to expectations.

But it would be premature to claim that the tide has turned. Behind these surprising headline gains lurks a litany of weaknesses that expose the economy’s vulnerabilities. Job growth may be speeding up a bit, but an outsized fraction continues to be in lowpaying occupations, restricting income gains. It’s not entirely clear why the labor force is shrinking at an unprecedented rate, but it is the main reason the unemployment rate is not considerably higher than the already-elevated 7.3 percent. + READ MORE
Upcoming Events
 
  1/15/2014   10:00 AM ET