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Corporate One Federal Credit Union

Corporate One Federal Credit Union

Solution(s): Settlement Services for the FedNow® Service, Service Provider for the FedNow Service, CU Corporate Payments for the FedNow Service
Website(s): corporateone.coop/instant-payments (Off-site)
Contact: hello@corporateone.coop

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

Corporate One Federal Credit Union offers comprehensive instant payment solutions that enable credit unions to connect to the FedNow Service, settle transactions, meet liquidity needs and manage their FedNow participant profiles. Our secure, provider-agnostic, open instant payments hub provides FedNow connectivity through a simplified, API-based solution for credit unions, cores and credit union service organizations (CUSOs). This flexible approach supports a variety of use cases, integrates easily into existing products and services, and helps institutions meet growing member expectations for instant, always-on payments.

Corporate One delivers a holistic suite of FedNow Service solutions that empower credit unions to seamlessly access, adopt and benefit from instant payments. As a service provider, we offer a streamlined, scalable connection to the FedNow Service for both receiving and sending instant payments. For credit unions without a FedLine Advantage® connection, Corporate One can also serve as an authorized entity, managing participant profiles on their behalf to ensure smooth operational oversight. As a correspondent settlement provider, Corporate One supports credit unions with comprehensive settlement and liquidity management for their FedNow Service participation. Our provider-agnostic, open-payment hub future-proofs credit unions’ payment strategies by giving them the flexibility and autonomy to expand their instant payment capabilities in alignment with business needs. This includes the freedom to collaborate with fintech partners of their choice and integrate preferred front-end experiences whenever it best fits their strategic vision.

Segment type(s)

  • Financial Institution Service Provider
  • Participating Financial Institution

Solution type(s)

  • Core Banking Platforms
  • Correspondent Services (settlement)
  • Other
  • Payment Service Providers
  • Payments Hubs/Platforms/Payment Gateways

Use cases/markets served

  • Bill Pay and Presentment
  • Brokerage
  • Buy Now Pay Later
  • Construction
  • Digital Wallet Funding/Defunding
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Insurance
  • Loans (direct or indirect)
  • Merchant
  • Other
  • P2P Payments
  • Payroll
  • Real Estate (e.g., escrow, property management)
  • Transportation

FedNow functionality supported

  • FedNow Profile Management
  • Receiving FedNow Transactions
  • Sending FedNow Transactions – Business Accounts
  • Sending FedNow Transactions – Consumer Accounts

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.