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

Annual Meeting Results
SunCorp’s 33rd Annual Meeting was held in Westminster, Colorado on May 24 with 32 members in attendance......Read More

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MARKET COMMENTARY

Economic Growth Slows For Now
Three significant events conspired to drag U.S. growth down in the 2nd quarter...... Read More

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INVESTMENT SERVICES

Why Utilize CU Investment Solutions, Inc.?
So why, you ask, should I utilize CU Investment Solutions, Inc. (ISI) for my brokerage service; I already have a broker. The answer is simple......Read More

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CORRESPONDENT SERVICES

Review Your IAT Processing and Compliance Duties
Credit unions report that their incoming IAT volume is finally increasing nearly two years after the new international ACH transaction was introduced.....Read More

Government Reclamation of ACH Payments
The Federal government is one of the largest originators of ACH entries, accounting for almost 10% of all ACH transaction volume.....Read More

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INDUSTRY NEWS

Changes to Funds Availability Regulations
Effective July 21, 2011, Regulation CC will increase from $100 to $200 the amount of funds from check deposits that credit unions must make available for withdrawal on the next business day......Read More

The CFPB Takes Over in July
The Dodd-Frank Act of 2010 established the new Consumer Financial Protection Bureau (CFPB), and many of their new duties will begin on July 21......Read More

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TRAINING & EDUCATION

Self-Paced Online Training Sessions Most PopularAs technology improves and educational methods evolve, most training and education is now done online. .....Read More

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: Check Laws and Regulations, ACH Origination Fundamentals, BSA & OFAC Compliance Overview... Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of April 30, 2011
Assets:
$1,956,716,002
Loans:
$1,833,097
Net Income (YTD):
$982,092
Capital Ratio:
2.13%

SunCorp Overnight Rate Average
(Average rates earned in April 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:


Independence Day
Monday, July 4, 2011

 


 


Please adjust your cash ordering schedule accordingly.

 

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