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

INSIDE SUNCORP

SunCorp Completes Conversion to CorPower
On July 26, 2010 SunCorp successfully completed its conversion and upgrade to the more robust CorPower account management application....Read More

Stuff for Students - 9News Asked & SunCorp Employees Answered
In August, SunCorp supported 9News and Volunteers of America in their efforts to provide school supplies for over 22 area school districts....Read More

Back to top


MARKET COMMENTARY

SunCorp Financial Picture: Looking Better
In these dog days of August, we’re finding some room for optimism here at SunCorp in the form of an improved financial picture. Here are a few highlights.... Read More

Back to top


INVESTMENT SERVICES

Agency Securities through CU Investment Solutions, Inc.
“A Credit Union’s Broker/Dealer”

Fulfilling A Need…
The financial landscape has undergone significant changes. Introduction of new financial institution competition and the development of new technologies to deliver financial products has driven the pace of change.....Read More

Back to top


CORRESPONDENT SERVICES

New Features in CorPower
You may not have noticed many changes with the recent conversion from the SunPower to the CorPower System....Read More

BSA Physical Address Requirements
The “Travel Rule” section of the Bank Secrecy Act requires that credit unions include the physical address of both the originator and beneficiary on wire transfers over $3000. ...Read More

Back to top


INDUSTRY NEWS

Wire Fraud With Line-of-Credit Loans Continues
Credit unions continue to suffer fraud losses involving wire transfers funded with line-of-credit loan advances.  Both the loan advance and the wire transfers are perpetrated by a criminal using member accounts...Read More

CUNA Mutual Risk Management Webinars
CUNA Mutual will review several risk management topics in their continuing 2010 Credit Union Protection Webinar Series.......Read More

Back to top


TRAINING & EDUCATION

Suncasts Provide Quick and Timely Updates
Our SunCasts are brief presentations on timely topics of interest to our member credit unions. Most of the recorded sessions last no more than 5 or 6 minutes.....Read More

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: ACH Compliance and Audit Review, Fundamentals of Check Laws and Regulation, and SunCorp financials.... Read More

Back to top


FINANCIAL STANDING

SunCorp’s Financial Standing
As of June 30, 2010
Assets:
$2,533,802,174
Loans:
$6,614,228
Net Loss (YTD)
($5,418,385)
Capital Ratio:
2.02%

SunCorp Overnight Rate Average
(Average rates earned in July of 2010)
Money Market Account:
Balance < $1 million
0.18%
Balance $1 - $10 million
0.18%
Balance > $10 million
0.25%
Cash Management Account:
0.18%
Paid-In Capital:
0.00%
Membership Capital Shares:
0.00%


Back to top


HOLIDAY SCHEDULE

SunCorp will be closed in observance of the following holiday:

Labor Day
Monday, September 6, 2010

Please adjust your cash ordering schedule accordingly.

Back to top