Company Profile
Corporate One Federal Credit Union
Company Overview
Corporate One Federal Credit Union is one of the nation’s largest and most progressive corporate credit union with more than $5.5 billion in assets under management and serving nearly 900 credit unions nationwide. We offer credit unions a full, innovative menu of payments, investments and funding services to help credit unions serve their members.
Company History
Founded in 1949 as Ohio Central Credit Union, our organization was chartered as a “credit union for credit unions,” based on the traditional principles of service to members that guide all credit unions. Ohio Central served two distinctly separate groups: Ohio credit unions, receiving the services of a corporate central credit union, and natural person members. At the time, such a credit union was known as a “dual corporate central credit union.”
Beginning in the late 1970s, dual corporates began to split into two separately chartered entities, one serving individuals and one serving credit unions. In 1983, Ohio Central was split into two entities, with the natural person credit union continuing as Ohio Central Credit Union and the credit union’s credit union being founded as Ohio League Corporate Credit Union (OLCCU), a department of the Ohio Credit Union League (OCUL).
Although OLCCU had a separate board of directors, it was managed directly by the OCUL. “Shared management” was not unheard of at the time, with nearly 40 percent of the forty corporates in 1990 sharing management with the credit union league in their state. In 1990, the OCUL and OLCCU boards decided to conduct an extensive analysis of the shared management arrangement. This study culminated in the establishment of Corporate One Credit Union in 1991 as an independently managed corporate credit union. Corporate One converted to a federal charter in 2000.
Benefits
Employment with Corporate One includes being a part of a community dedicated to supporting the cooperative movement upon which credit unions were founded. We offer a friendly and casual environment and encourage innovation, collaboration, continual learning and accountability. Corporate One offers competitive compensation, liberal 401(k), quality health and ancillary benefits, and generous PTO and holiday schedules. If you want to be a part of our mission of serving credit unions nationwide, apply today.