Corporate One Assists Shared Branching InBolivia

COLUMBUS, Ohio - (12/16/05) Corporate One FCU is reporting that ithas developed, tested and installed a software system now beingused by credit unions in Bolivia as the foundation for a sharedbranching network. Ohio’s credit unions have partnered withBolivia’s credit unions as part of a estimated the cost ofdeveloping solution at $45,000, which it is donating. Corporate Oneand WOCCU recently signed an agreement giving the globalorganization ownership rights to the software system, calledServiRed in Bolivia, meaning "service network." Future developmentsin the software could also become property of WOCCU under theagreement.