Leveraging our expertise and leadership in the payments industry, Corporate One, a funding agent for credit unions on The Clearing House’s RTP® network, provides an easy and efficient tool for...
On the surface, 2023 may seem like a pretty relaxed year ahead in terms of updates to the ACH Rules. However, in addition to the Rule change coming next month, there are a handful of previously...
The importance of getting your credit union connected to an immediate payment rail continues to grow. The RTP® network’s real-time payment capabilities are already accessible to financial...
An important change is happening within the Corporate One family of solutions that will take place over the course of the year. After three years as a wholly owned CUSO of Corporate One, we have...
A new year is underway, and at Corporate One, we are looking forward to harnessing our opportunities to innovate and launch new solutions to prepare our member credit unions for success in 2023 and...
The immediacy at which a payment routes and settles on the RTP® network offers credit unions new opportunities to reimagine their business and serve members in enhanced and different ways. However...
How do you know that the new member who just joined your credit union online isn’t really a fraudster? With 91% of financial institutions seeing growth in identity fraud since 2021*, knowing your...
It’s that time again! Many organizations (EPCOR included) are planning for the year ahead, setting goals and making plans for a successful year. A great way to ensure success going forward is to...
Increased access to immediate payments and growing demand continue to drive forward the migration of payments from just “faster” to immediate. With the imminent launch of the industry’s second new...
The economy at the end of 2022 looks very different than it did at the same time last year. Interest rates keep rising. Inflation remains high. U.S. payrolls rose slightly. Unemployment is at 3.7%...
2023 is already knocking at the door, and if you’re like me, you may feel like 2022 has gone by in a flash. Before marching full speed ahead into the New Year, I’d like to take a moment to share a...
Advances in technology have changed your members’ expectations for speed and convenience. Today, everyone, including businesses, wants to send and receive money in an instant, and they’re turning...
Information sharing is an ongoing anti-money laundering and counter-financing of terrorism (AML/CFT) priority for regulators and financial institutions worldwide. It remains a highly effective, yet...
As cooperatives, credit unions do amazing things all year long to help members achieve their financial dreams and provide support and growth to the communities they serve. Being part of the credit...
I’m so happy you are thinking of ways to establish your credibility in the industry and give your organization a competitive edge in the business and financial arenas. Being accredited can open...
To help meet growing consumer demand and foster nationwide reach of instant payments, the Federal Reserve plans to launch its own new instant payment rail, the FedNow Service, in 2023. This means...
Prashanta Pradhan, originally of Kathmandu, Nepal, has been promoted from Corporate One’s senior vice president of digital strategy to chief information officer. In his new capacity, Prashanta will...
As we get ready to turn the calendar to November, the 2022 holiday season will quickly be upon us. I hope all of you will enjoy meaningful time with friends and family this year. It’s become a...
There has been a historic shift in how we live, work, and do business. Consumers and merchants across all ages, demographics, and industries have become more comfortable with a digital way of...
Corporate One Federal Credit Union’s President/CEO Melissa Ashley has been appointed as a member on two of The Clearing House’s (TCH) committees: the RTP Advisory Committee and the RTP Business...
Corporate One wrapped up our final 2022 Real-Time Payments Forum this month, which concluded a successful season of educating and preparing credit unions to make important decisions about the...
We just wrapped up the live presentations of our annual training webinars for 2022, and if you missed the live versions, members can still watch the on-demand versions of all seven webinars in our...
Business Email Compromise, or BEC, is a rapidly growing type of cybercrime. In 2021, the FBI received 19,954 complaints with adjusted losses of nearly $2.4 billion. BEC is a sophisticated attack...
Like so many times in the past, the Federal Open Market Committee’s (FOMC) decision to raise rates again this month surprised very few people; it was the language following their meeting that...
The current versions of Member$MART and the Investment & Funding Dashboard will be retired on October 5. Corporate One has merged both of these systems to create a unique product where members can...
As you read this, I have just wrapped up strategic planning for next year with our executive leadership team and board of directors. Strategic planning and looking to the future oftentimes mean...
Join Corporate One and Federal Reserve executive Dan Gonzales as he shares the latest research on instant payments demand and the status of FedNow, the Fed’s instant payment service coming in 2023...
Corporate One’s ongoing mission is to be a strategic corporate partner, helping you succeed in all you do for your own members. We’ve found one of the best ways we can do that is not by guessing...
You’re invited to join us and support the Southeastern Credit Union Foundation while enjoying a few pints at CUs on Tap, presented by Corporate One. Mix and mingle with credit union peers and test...
Corporate One launched our new and enhanced version of Member$MART, our web-based account management system, this past March. As a result, Corporate One will be sunsetting the current version of...
As of September 12, FedACH® Services will provide an additional ACH file delivery to all customers at 11:30 p.m. ET. (Monday - Friday). The new distribution will include any ACH transactions...
It’s full speed ahead for consumers in their use of instant payments, and business are catching up quickly. Check out these statistics from the latest edition of PYMNTS’ Real-Time Payments Tracker...
I’m happy to provide you with a mid-year update on our three wholly owned credit union service organizations (CUSOs): Accolade Investment Advisory, Lucro Commercial Solutions, and Sherpa Technologies.
We’ve got some great opportunities this summer and early fall for you to fill up your calendar...
According to Nacha, two Rules will become effective September 30, 2022, with a 6-month grace period for certain aspects of each rule.
Our world today is all about on-demand speed and convenience. It’s true for dining, shopping, entertainment, and even banking. Real-time payments mean you can exchange funds between consumers...
Two new members, Lori Klumpp, CPA, and Tasha Kostick, CPA, have been appointed to Corporate One’s Supervisory Committee by Corporate One’s Board of Directors.
Our world today is all about on-demand speed and convenience. It’s true for dining, shopping, entertainment, and even banking. Real-time payments mean you can exchange funds between consumers...
Charitable giving is important to individuals in every community, as evidenced by record-breaking giving in recent years. According to a report by Giving USA, during the tumultuous events of the...
On June 15, 2022, the Financial Crimes Enforcement Network (FinCEN) issued a new advisory to alert financial institutions to the rising trend of elder financial exploitation (EFE). EFE involves the...
Microsoft has retired Internet Explorer 11 (IE11) and will no longer provide support for that browser. This is the default browser on many TranzCapture PCs that members use to scan check deposits...
Last month we wrapped up our sixth annual InOHvate conference hosted in partnership with the Ohio Credit Union League. As the Midwest's premier financial technology conference for credit unions...
Volatility is the word that best describes the first six months of 2022, especially the month of June. In fact, if we were to use pop-culture meme language to describe the markets during the past...
Jenny Morrison, who is retiring from Corporate One, shares a special message with our members as she reflects on her 20+-year career...
Though workforce management typically falls under the realm of human resources, it’s still a vital component of a CEO’s strategic planning process, and there’s a human resource issue that has been...
Our Real-time Payments Info Center is a great resource with on-demand videos, webinars, news updates, and infographics. We created the site as a one-stop place for all things you need to know about...
Have you checked out the new www.corporateone.coop? The redesign offers a more modern, accurate reflection of Corporate One and how we’re transforming the industry. It serves as a visible component...
Registration is open for our Corporate One Summer Education Series, featuring live webinars about ACH, Wires, TranzCapture, BSA, and more...
Current geopolitical events have increased the likelihood of cyberattacks with financial institutions and all credit unions, regardless of size, are vulnerable...
Consumer demand for online services that deliver speed and convenience is everywhere. It’s how we shop, dine, and even bank. Uniting that demand with a digital experience that drives membership...
On Wednesday, May 25, a new Vault Services platform launched and can be accessed by users through Members Only....
If you’re in Columbus, Ohio, on June 6, take advantage of the opportunity to attend this year’s InOHvate and one of our RTP Forums, both of which are being hosted at the same location...
On March 28, Corporate One launched a new and enhanced Member$MART, our web-based account management system. Now called Member$MART+, this premier cash and treasury management tool provides a...
Cybercrimes continue to be a topic of concern for financial institutions as technology grows more sophisticated and progresses rapidly. Broadly, money laundering in cyberspace is defined as an...
At our annual meeting on April 28, Corporate One announced the results of the election of directors and highlighted our financial and strategic achievements from the past year...
As the operator of the RTP network, TCH increased the value limit for payments on the network as the transaction volume and number of users on the RTP network continues to grow...
The Financial Crimes Enforcement Network has issued two recent alerts on potential Russian sanction evasion attempts. Items of value, such as real estate, luxury goods, and other high-value assets...
CUNA’s annual Governmental Affairs Conference (GAC) is our industry’s biggest advocacy event of the year and brings together advocates on behalf of America’s credit unions and its 113 million...
The NCUA recently issued a new risk alert to credit unions about heightened risk of social engineering and phishing attacks...
The Federal Open Market Committee (FOMC) meeting that concluded on March 16 was much anticipated by market participants. Speculation going in was that the FOMC would begin raising the target...
The award honors exemplary leadership in the advancement, implementation, or promotion of electronic payments, and it acknowledges the ways we are advancing real-time payments opportunities for...
Registration is open for our Corporate One Spring Education Series, featuring live webinars about ACH, Wires, TranzCapture, BSA, and more. Most sessions are offered at no charge and include the...
Corporate One and the Ohio Credit Union League are excited to announce that InOHvate will be presented in person, June 6-8! This year’s event will deliver content to help your credit union in its...
For decades, the current U.S. Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) information sharing initiative has remained domestic-focused. On January 1, 2021, the Anti-Money...
To serve our member credit unions effectively, I believe that Corporate One must possess a strategic focus that aligns with current trends and considerations—those that impact not only our...
This rule will continue to expand the capabilities of Same Day ACH and will apply to all Same Day ACH entries, consumer and business payments, and credits and debits...
Payments modernization shows no signs of slowing down. With the continued acceleration of digitization and changing customer preferences, delaying your payments modernization efforts can cause...
These complimentary half-day forums will share deeper insight into the benefits of immediate payments and the opportunities available to credit unions and their members...
Accolade Investment Advisory’s latest educational webinar takes a deeper dive into the different CECL methodologies to help you identify which one is right for your institution...
Learn the action steps you should take once fraud is identified in this article by Jennifer Morrison, VP, Senior Risk Manager at Corporate One
If you read my article last month, you’ll remember now is the time of year I think about goals and objectives I would like to accomplish. As far as personal objectives, I’m frequently setting goals...
Currently there are about 150 financial institutions, including all the largest banks in the United States, actively participating in The Clearing House’s Real-Time Payments (RTP) service...
Corporate One has many exciting initiatives underway, and we’re about to launch one of them this spring: a new and enhanced Member$MART...
It’s definitely been an eventful year. While we typically use this time of year to recap the previous 12 months and offer thoughts on the upcoming year, this time we will focus on the recent...
With 2022 knocking at the door, now is the time of year I tend to think about goals and objectives, both personal and professional. A while back I found a podcast about goal-setting that was both...
Changes are on the horizon that make it necessary for your credit union to work from HTML 5-compliant browsers to conduct your work with Corporate One...
Changes are on the horizon that make it necessary for your credit union to work from HTML 5-compliant browsers to conduct your work with Corporate One...
Corporate One has completed its review of ACH processes in accordance with NACHA guidelines. The attestation statement for our member credit unions is now available.
The 2021 holiday season is in full swing, and I hope all of you are enjoying or will enjoy special time with friends and family this year. It’s become a tradition to express what we’re grateful for...
Ransomware is a real and growing threat to credit unions and your members. On November 8, the Financial Crimes Enforcement Network (FinCEN) updated its year-old list of red flags raised by...
The most recent small business credit survey conducted by the Federal Reserve indicates that small business owners are flocking to online lenders in record numbers.
For most communities, small businesses are the engines that fuel the local economy. With the recent pandemic, new opportunities have arisen for credit unions to serve their small business members...
On September 16, the Financial Crimes Enforcement Network (FinCEN) issued a Notice calling attention to an increase in online child sexual exploitation (OCSE).
As business email compromise (BEC) and the sending of phishing emails by bad actors persists, we are reminding credit unions to remain on guard for suspicious email activity...
Changes are on the horizon that make it necessary for your credit union to work from HTML 5-compliant browsers to conduct your work with Corporate One...
There’s still time to join the Southeastern Credit Union Foundation (SECUF) and Corporate One at a CUs on Tap event this year...
Credit unions face challenges finding replacement fee income with retail checking accounts as related net interest income, interchange income, and overdraft revenue are all trending down. How can...
As credit unions continue to have more pressure put on our bottom lines because of the changes in the marketplace with the elimination of overdrafts and ongoing low interest rates, it’s important...
Investment strategies: More rate hikes predicted, current investment opportunities The Fed will continue to weigh all the variables in the economy, such as job growth and inflation; if it looks...
The culmination of the hard work of managing referrals and alerts in the BSA/AML world is the writing of the Suspicious Activity Report (SAR). But what makes a SAR that is actionable by law...
A new member has been appointed by Corporate One Federal Credit Union’s Board of Directors to its Enterprise Risk Management Committee: Devon Alexander, Vice President of Enterprise Risk...
Sherpa Technologies, a wholly owned CUSO of Corporate One Federal Credit Union, has appointed a new member to its board of directors: Haley Murph, Vice President EServices & Payments at Gulf Winds...
Now in its fifth year, CUs on Tap creates opportunities to make countless connections among credit union leaders and young professionals. Taking place in various locations across Florida, this...
With the establishment of “beneficial ownership” requirements, BSA/AML compliance now requires adherence to five pillars. However, for Office of Foreign Assets Control (OFAC)/Sanctions compliance...
We recognize that real-time payments represent tremendous opportunities for credit unions to enhance member service, streamline business functions, and generate new products and revenue.
On September 17, Nacha will implement a set of new ACH Rules entitled Meaningful Modernization. These Rules were designed to improve and simplify the ACH user experience.
This fall, one of Corporate One’s CUSOs is offering an educational conference that features content-rich sessions and connections with industry experts and business leaders.
With credit union leaders and staff juggling so many responsibilities, you’re invited to join Accolade's advisors for a convenient educational presentation over lunch on September 16..
This registry is designed to assist members in finding appropriate contact information and to ensure Nacha and the ACH Operator have more complete information in the event of ACH Network risk or...
Credit unions should begin to consider how they will incorporate the priorities listed by the U.S. Treasury’s Financial Crimes Enforcement Network into their risk-based compliance programs..
Several enhancements have been made recently to this online trading platform, which already offers easy, convenient access to trading, streamlines the trading process, and customizes data based on...
I’m excited to provide you with a mid-year update on our three wholly owned credit union service organizations. Despite the uncertainties and challenges of the past 18 months, each one continues...
The meeting of the Federal Open Market Committee (FOMC) on June 16 was much anticipated as market participants speculated on how the Fed’s language might change after the release of inflation data...
A couple of months ago, I participated as a mentor for the African American Credit Union Coalition’s (AACUC) pilot program “1-to-1 Woman Mentoring Program.” 1-1 Woman is a program initiative to...
For several years, the NCUA has included BSA/AML in its annual list of examination priorities, and on June 21, the Federal Financial Institutions Examination Council released updates to four...
The industry’s ongoing payments shift means that it’s crucial for credit unions to include real-time payments as part of their strategic objectives in order to remain relevant and competitive...
Does your credit union use OneWire Global for international wires? If so, we’re excited to announce we’re enhancing the product through a partnership with Currency Exchange International (CXI).
At this year’s virtual inVest48 conference, the OCUL highlighted their 2021 leadership award winners, and among this year’s winners was Corporate One’s former President/CEO Lee Butke.
Featuring articles, webinars and infographics created by Corporate One, the U.S. Faster Payments Council, and The Clearing House, our info center helps credit unions discover more about the...
In this latest edition of our CUSO Sherpa’s e-newsletter, we share information on using a third-party service provider to enable your connection to real-time payments along with the latest news...
The countdown is on to June 8! Join us for the Midwest’s premier fintech conference, InOHvate, presented by the Ohio Credit Union League and Corporate One.
Risk assessment is the backbone of risk management, and, as most credit unions know through managing compliance with the complex set of laws and regulations associated with BSA/AML and OFAC...
The pandemic changed many things in the past year, and one of the most significant was the transition of many employees from working in-person at the office to working remotely. As a result, one of...
At our annual meeting on April 29, Corporate One addressed the unprecedented year that was 2020, announced the results of the election of directors, highlighted our financial and strategic...
This new act targets anonymous shell companies and enhances financial institutions’ capabilities when it comes to gathering required beneficial ownership information.
More than a year ago, Corporate One announced our formal commitment to become a Funding Agent for credit unions on The Clearing House’s (TCH) RTP® network. I’m excited to announce that we are ready...
Each day, the average office worker receives 121 emails, almost 50% of which is spam. Because of the sheer volume of emails, it can be easy to fall victim to what is known as business email...
One of the things I’m most passionate about at Corporate One is developing a culture that values professional leadership development. According to CUNA, only 19% of organizations say they’re “very...
Although Valentine’s Day has come and gone this year, that doesn’t mean your members are out of the woods when it comes to falling victim to romance scams. Quite the contrary, in fact.