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

The Credit Union Difference

Credit union leaders around the world agree that now is the time to come together and promote the credit union difference. Read More...


MARKET COMMENTARY

The Easing Off of Quantitative Easing
By: Brandon Humphryes, CFA
Senior Portfolio Analyst

In mid-March, sensing that previously enacted economic stimulus policies would come up short, the Federal Reserve committed $1.2 trillion more in money supply, or “quantitative easing” (QE) to accelerate economic growth. Read More...

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INVESTMENT SERVICES

Member Shares and Certificates at SunCorp – 2 Yrs or Less – Now Guaranteed Through December 31, 2011

The expiration date of NCUA’s Temporary Corporate Credit Union Share
Guarantee Program (TCCUSGP) has been extended from September 30, 2011
to December 31, 2011. Read More...

Look to SunCorp for 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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CORRESPONDENT SERVICES

APEX ACH System Update - Back Office
Replacement Project

Later this year, the APEX System’s back office processing system will be replaced to prepare for continuing increases in ACH transaction volume. Read More...

Security Enhancements Coming in October

Fraudulent activity is on the rise, and SunCorp is taking action to help our members prevent it. These steps include security enhancements to our domestic wire transfer system and the SunPower online account management system. Read More...

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INDUSTRY NEWS

The U.S. Department of the Treasury's Go Direct® Campaign Tops 3 Million Direct Deposit Enrollments

Washington, D.C. (August 19, 2009) - The U.S. Department of the Treasury's Financial Management Service announced today that its Go Direct campaign has achieved more than 3 million enrollments in direct deposit since its national launch in 2005 - bringing increased safety and convenience to millions of senior citizens, people with disabilities and other federal benefit recipients while providing important cost-savings to American taxpayers. Read More...

NACHA Requests Comments on Two New Rules Proposals

Credit unions should review two rules proposals from NACHA – The Electronic Payments Association. Both proposals were issued on September 1 st, and comments on the proposals are due by October 16th. Read More...

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TRAINING & EDUCATION

New Image Connect System Training

A new, self-paced online training session reviewing SunCorp’s Image Connect System is now available. 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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FINANCIAL STANDING

SunCorp’s Financial Standing
As of July 31, 2009
Assets:
$2,447,303,116
Loans:
$46,136,363
Net Income (YTD)
$788,970
Capital Ratio:
3.89%

SunCorp Overnight Rate Average
(Average rates earned in August of 2009)
Money Market Account:
Balance < $1 million
0.17%
Balance $1 - $10 million
0.17%
Balance > $10 million
0.25%
Cash Management Account:
0.17%
Paid-In Capital:
0.25%
Membership Capital Shares:
0.25%


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HOLIDAY SCHEDULE

SunCorp will be closed in observance of the following holidays:

Columbus Day
Monday, October 12, 2009

Veteran's Day
Wednesday, November 11, 2009

Thanksgiving Day
Thursday, November 26, 2009

Please adjust your cash ordering schedule accordingly.

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