1. Market Commentary
2. Liquidity Services
3. Correspondent Services
4. Industry News
5. Training & Education
6. Upcoming Events
7. Financial Standing
SunCorp’s Unsung Value to Credit Unions
By Charlie Watts
Sales and Marketing Manager
We take pride in our mission of adding value to our credit union member-owners. SunCorp was created by credit unions in an effort to earn better pricing by achieving economies of scale through aggregating deposits and payments. Read More...
Financial Regulatory Reform: Will it Work?
By: Brandon Humphryes, CFA
Senior Portfolio Analyst
Given the near collapse of the global financial markets over the last year-plus, you might conclude that financial reform would be easily accomplished. Read More...
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Look to SunCorp for Your Liquidity Needs
Do you need liquidity? There could be various reasons that a credit union needs to utilize liquidity sources, with many different options available to obtain it. Suncorp is one of those options. Read More...
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ACH Processing for Business or Commercial Accounts
As credit unions add services for business accounts, and consumer members use their accounts for business purposes, credit unions need to be aware of the potential issues with processing ACH entries for these accounts. Read More...
Let's Talk: Securely
By Craig Mullins
Vice President of Information Technology
In the May edition of the newsletter we shared with you news of upcoming releases of enhancements on SunCorp’s application authentication platform for Image Connect and SunPower IP, encrypted email delivery, and upgrades to the Image Connect application. Read More...
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FinCEN Guidance Clarifies 314(b) Information Sharings
The Financial Crimes Enforcement Network has issued guidance to financial institutions intended to clarify the use of an important information sharing tool made possible by section 314(b) of the USA PATRIOT Act. The guidance clarifies the scope of permissible information sharing covered by the section 314(b) safe harbor. Read More...
Report Summarizes the Economic Impact of Cooperatives
In addition to identifying most cooperatives in the United States, the report estimated four measures of their aggregate economic impact: revenue, employment, wages, and income. Read More...
New IAT Online Training Session
We have developed a new, brief training session on the new International ACH Transaction (IAT) coming in September. Read More...
Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: ACH, check laws & regulations and APEX. Read More...
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SunCorp’s Financial Standing
As of May 31, 2009 |
Assets: |
$2,670,266,506 |
Loans: |
$26,217,236 |
Net Income (YTD) |
$956,538 |
Capital Ratio: |
5.16% |
SunCorp Overnight Rate Average
(Average rates earned inJune of 2009) |
Money Market Account: |
Balance < $1 million |
|
alance $1 - $10 million |
0.19% |
Balance > $10 million |
0.19% |
Cash Management Account: |
0.19% |
Paid-In Capital: |
0.25% |
Membership Capital Shares: |
0.25% |
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