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1. Market Commentary
2. Investment Services
3. Correspondent Services
4. Industry News
5. Training & Education
6. Upcoming Events
7. Financial Standing
8. Holiday Schedule
SunCorp Announces New Business Development Officer
SunCorp is pleased to announce the addition of Leah Schlangen as our newest Business Development Officer. Leah will be advising and assisting new SunCorp member credit unions from California and neighboring states on our payment and investment services.....Read More
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Economic and Market Review
The Federal Open Market Committee launched “Operation Twist”, which involves the Fed selling shorter maturity Treasuries and purchasing longer maturity Treasuries in order to push longer term interest rates lower. This lowers the cost of borrowing for corporations and may allow for more refinancing activity and continued low mortgage rates..... Read More
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Securities Settlement and Safekeeping Program
Selecting safe, sound investments is key to a successful credit union investment portfolio.....Read More
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Cashier's Check and Corporate Draft Fraud
Counterfeit or altered cashier’s checks and corporate drafts are becoming increasingly common, and have the potential to cause major losses for credit unions.....Read More
Information Requests from Members
Due to security and confidentiality restrictions, SunCorp cannot provide transaction information directly to your consumer or business members....Read More
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NACHA Request for Comment: Expedited Processing and Settlement
On September 23rd, NACHA released a proposal that would amend the NACHA Operating Rules to enable ACH entries to be processed and settled on the same day that they are originated...Read More
FinCEN Proposes Mandatory Electronic Filing of Forms
In an effort to improve efficiency, reduce costs for the financial industry, and enhance the ability of investigators, analysts, and examiners to gain better and more timely access to important financial information, the Financial Crimes Enforcement Network (FinCEN) announced a proposal that FinCEN reports required under the Bank Secrecy Act (BSA) be filed electronically as from June 30, 2012...Read More
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CUNA Mutual Group's Online Discovery Conference
More than 1200 credit union professionals attended CUNA Mutual’s second annual Online Discovery Conference on October 4.....Read More
Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics:, Check Laws and Regulations, SunCorp Financial Review.... Read More
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SunCorp’s Financial Standing
As of August 31, 2011 |
Assets: |
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Loans: |
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Net Income (YTD): |
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Capital Ratio: |
2.43% |
SunCorp Overnight Rate Average
(Average rates earned in August 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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SunCorp will be closed in observance of the following holidays:
Veteran's Day
Friday, November 11, 2011
Thanksgiving Day
Thursday, November 24, 2011
Please adjust your cash ordering schedule accordingly.
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