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

The Dialogue Continues
Over the past few months, we have kept our members informed about SunCorp’s plans during this time of transition in the corporate credit union industry......Read More

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MARKET COMMENTARY

Japan Situation Overshadows Mixed Signals in U.S.
At the moment, the markets are being dominated by the nuclear situation in Japan, which was caused by a massive earthquake and resulting tsunami and aftershocks..... Read More

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INVESTMENT SERVICES

The Ladder Investment Strategy
The core of any credit union’s investment portfolio is cash. Meeting member liquidity needs is the number one priority......Read More

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CORRESPONDENT SERVICES

The Other Interchange Story: Store-Issued Debit Cards
The headlines in the financial industry are full of stories about the battle on debit card interchange regulations......Read More


Stopping Check Fraud on the Teller Line
Credit unions continue to suffer losses from check fraud despite declining check usage.  Many of these losses are caused by counterfeit or altered checks presented for deposit to your front line staff......Read More

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INDUSTRY NEWS

FinCEN Releases Outreach Report
The Financial Crimes Enforcement Network (FinCEN), in a new report, Outreach to Depository Institutions with Assets Under $5 Billion, announced the findings of its Outreach Initiative to smaller depository institutions......Read More


NACHA Continues Battle Against Phishing
NACHA – The Electronic Payments Association continues to receive reports that individuals and/or companies continue to receive fraudulent emails that have the appearance of having been sent from NACHA......Read More

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TRAINING & EDUCATION

Check Out Our Recent SunCasts
Our latest SunCast presentation reviews the 2011 ACH Rule Changes and the related impacts to credit union operations.....Read More


Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: Government ACH Payments Overview, BSA & OFAC Compliance Overview.... Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of January 31, 2011
Assets:
$2,042,285,107
Loans:
$1,647,128
Net Income (YTD):
$324,569
Capital Ratio:
1.99%

SunCorp Overnight Rate Average
(Average rates earned in January 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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