1. Market Commentary
2. Investment Services
3. Correspondent Services
4. Industry News
5. Training & Education
6. Upcoming Events
7. Financial Standing
8. Holiday Schedule
Just Exactly Where Do We Stand?
By: Brandon Humphryes, CFA
Senior Portfolio Analyst
As we approach the close of the year, it may be helpful to review where we’ve been, where we are and where we appear to be going. My personal opinion is that we have tip-toed away from the ledge of economic disaster and currently find ourselves in economic purgatory, a place or state of temporary suffering or misery. Read More...
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Quality and Convenience - Keys to Purchasing Jumbo CDs
Our SimpliCD program is designed to offer credit unions the opportunity to purchase jumbo CDs from among the highest quality issuers in the country.
Read More...
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Funds Transfer Services - Security Procedures
Recently SunCorp implemented several security enhancements for our wire transfer and ACH processing systems, and more changes are likely to come in the near future. Read More...
Cashier's Check and Corporate Draft Fraud
Counterfeit or altered cashier’s checks and corporate drafts are becoming increasingly common, and have the potential to cause major losses for credit unions. Recently, we have seen a major increase in this type of fraud activity. Read More...
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New ACH Compliance Audit Requirements Coming in December
Effective December 18, 2009, an amendment to the NACHA Rules will refine and clarify the existing compliance audit requirements for all participating financial institutions. Read More..
Check Processing Changes Impact Your Regulation CC Compliance
Recent changes to the check processing industry, including the Federal Reserve’s move to close all but one of their check processing sites, may impact your compliance with the funds availability provisions in Regulation CC. Read More..
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Self-Paced Online Training Sessions Most Popular
As technology improves and educational methods evolve, most training and education is now done online. At SunCorp, our self-paced online sessions are the most popular training option for most credit unions. Read More...
Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: Financial Update, ACH Processing and Exception Handling, and Economic Update / Investment Strategies. Read More...
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SunCorp’s Financial Standing
As of September 30, 2009 |
Assets: |
$2,294,622,919 |
Loans: |
$56,781,321 |
Net Income (YTD) |
$2,765,014 |
Capital Ratio: |
3.89% |
SunCorp Overnight Rate Average
(Average rates earned in September of 2009) |
Money Market Account: |
Balance < $1 million |
0.12% |
Balance $1 - $10 million |
0.12% |
Balance > $10 million |
0.25% |
Cash Management Account: |
0.12% |
Paid-In Capital: |
0.00% |
Membership Capital Shares: |
0.00% |
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SunCorp will be closed in observance of the following holidays:
Thanksgiving Day
Thursday, November 26, 2009
Christmas Day
Friday, December 25, 2009
New Year's Day
Friday, January 1, 2010
Please adjust your cash ordering schedule accordingly.
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