COLUMBUS, Ohio -Corporate One has received Part I expanded investment authorities from NCUA. Part I authority allows the corporate to take on additional interest rate and credit risk, among other things. Corporate One is one of only five corporates that have the expanded authority. In order to get the powers, the corporate must submit to a review from NCUA of its policies, procedures, systems and personnel related to investments, asset/liability management, and other related operations. Corporate One formed a dedicated risk management department about five years ago, which could have helped in the approval process.
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