In This Issue:
1. Market Commentary
2. Investment Services
3. Correspondent Services
4. Industry News
5. Training & Education
6. Upcoming Events
7. Financial Standing

SunCorp’s 2009 Annual Meeting
Nearly thirty members joined SunCorp staff at our 2009 Annual Meeting held at the SunCorp offices in Westminster, Colorado last month. The meeting lasted about twenty minutes and was followed by an open discussion between members and SunCorp President and CEO, Tom Graham. Read More...


MARKET COMMENTARY

Is there Life after Death? The Resuscitation of the Auto Industry
By: Brandon Humphryes, CFA
Senior Portfolio Analyst


In a sign of the turbulent times in which we currently reside, the markets reacted positively this month to General Motors’ bankruptcy announcement. Ironically, GM, the world’s largest automaker for 77 consecutive years and employer of nearly 250 thousand people, declared itself insolvent at approximately the same time the DOW turned positive on the year.
Read More...

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INVESTMENT SERVICES

Mortgage Backed Securities Basics
Think of them like your mortgage portfolio
Understanding mortgage backed securities can be a monumental task for the less experienced portfolio manager. Often times they stick to investments that they are much more familiar with and easier to understand and manage from a risk standpoint. Read More...

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CORRESPONDENT SERVICES

Check Processing Updates
Due to evolving technologies and changing payment preferences, the check processing industry continues to adapt. SunCorp’s check processing services continue to adapt as well. Read More...

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INDUSTRY NEWS

NCUA Developments
Weekly Corporate Credit Union Updates
Every Friday, the NCUA issues a Corporate Credit Union Update. These updates provide the latest corporate credit union information, and focus specifically on U.S. Central and WesCorp. Read More...


TRAINING & EDUCATION

SunCast Presentations Available
Click here to view our most recent SunCasts

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: ACH, check laws & regulations and APEX. Read More...

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of April 30, 2009
Assets:
$2,508,016,313
Loans:
$22,190,383
Net Income (YTD)
$126,530
Capital Ratio:
5.07%

SunCorp Overnight Rate Average
(Average rates earned in May of 2009)
Money Market Account:
Balance < $1 million
0.19%
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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