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 Care Packages Sent to Afghanistan
SunCorp’s Activity Committee recently coordinated a Military Care Package Drive for a Marine unit serving in Afghanistan..... Read More

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MARKET COMMENTARY

Economic and Market Review
Fed Chairman Ben Bernanke continues to move the Fed to a more transparent era, now publishing individual interest rate forecasts from each of the 14 FOMC members. As part of this commitment to showing all the cards, Mr. Bernanke announced that the Fed is likely (my emphasis) to keep short term interest rates obscenely (my word choice) low through the end of 2014...... Read More

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INVESTMENT SERVICES

The Process of Funding the Treasury's Expanding Debt
President Obamaís 2013 Budget is proposing another huge deficit in the area of $1.3 trillion. And thatís for the next fiscal year.....Read More

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CORRESPONDENT SERVICES

Changes in Auto Settlement Services
The auto settlement service from U.S. Central Bridge Federal Credit Union will be discontinued as of May 31, 2012....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

2012 Information Security Compliance Predictions
The year 2011 proved to be another tough year for companies attempting to defend sensitive information from cyber attack....Read More

New Regulations for International Funds Transfers
The Consumer Financial Protection Bureau (CFPB) will require remittance transfer providers to disclose the exchange rate and fees associated with the transfers beginning early next year....Read More

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TRAINING & EDUCATION

Learn About Online Banking Fraud & FFIEC Authentication Guidance
CUNA Mutual Group recently held a webcast to discuss the significant risks to credit unions and your members of online banking fraud....Read More

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: SunCorp Town Hall Webinar, SunCorp Financial Update....Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of December 31, 2011
Assets:
$1,271,022,899
Loans:
$5,430,165
Net Income (YTD):
$2,040,929
Leverage Ratio:
7.98%

SunCorp Overnight Rate Average
(Average rates earned in December of 2011)
Money Market Account:
Balance < $1 million
0.07%
Balance $1 - $10 million
0.07%
Balance > $10 million
0.07%
Cash Management Account:
0.07%
Membership Capital Shares:
0.00%


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HOLIDAY SCHEDULE

SunCorp will be closed in observance of the following holiday:



President's Day
Monday, February 20, 2012

 

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