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