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

Interview with Mark Lau, President/CEO, Denver Fire Department FCU
Q: Your Board of Directors voted unanimously to recapitalize SunCorp. What was the toughest part of the decision from the Board’s perspective?.....Read More

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INSIDE SUNCORP

SunCorp Business Plan Meeting Schedule
SunCorp is scheduling both physical and live webinar business plan meetings in May to discuss SunCorp's business plan....Read More

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MARKET COMMENTARY

Steady Gains in U.S. Economy
The financial markets have stabilized somewhat after being dominated by the nuclear situation in Japan, which was caused by a massive earthquake and resulting tsunami and aftershocks. Treasury yields rebounded higher after a flight-to-safety move...... Read More

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INVESTMENT SERVICES

The Barbell Investment Strategy
An alternative to the Ladder of Maturities Investment Strategy is the Barbell Investment Strategy. This strategy is to invest funds at both ends of the yield curve but not in the middle......Read More

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CORRESPONDENT SERVICES

International Wire Transfer Reminder
Although international wire transfers represent a small percentage of funds transfer services for most credit unions, you should be aware of the unique processing, regulatory, and risk aspects that apply to this important service.....Read More


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

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INDUSTRY NEWS

Treasury Releases New Garnishment Guidelines
The U.S. Treasury's Financial Management Service has issued their guidelines for the garnishment of accounts containing Federal government benefit payments......Read More


ACH Network Volume Continues Growth, Returns Decrease
Total ACH payment volume grew to 19.4 billion in 2010, up 3.44 percent over 2009, according to new statistics released by NACHA — The Electronic Payments Association......Read More

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TRAINING & EDUCATION

Online Resources - Check and ACH Processing
SunCorp offers online access to many check and ACH processing resources – training tutorials, operational reference cards, and numerous manuals and forms....Read More


Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: Domestic Wire Transfer Overview, SunCorp Financial Update, and SunCorp Business Plan Review... Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of February 28, 2011
Assets:
$2,151,138,238
Loans:
$2,597,843
Net Income (YTD):
$520,219
Capital Ratio:
2.02%

SunCorp Overnight Rate Average
(Average rates earned in February of 2011)
Money Market Account:
Balance < $1 million
0.08%
Balance $1 - $10 million
0.08%
Balance > $10 million
0.08%
Cash Management Account:
0.08%
Membership Capital Shares:
0.00%


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HOLIDAY SCHEDULE

SunCorp will be closed in observance of the following holiday:


Memorial Day
Monday, May 30, 2011

 


 

Please adjust your cash ordering schedule accordingly.

 

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