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 Plans Meetings with Western Credit Unions
SunCorp has added several more Town Hall meetings with Western credit unions considering alternatives for cooperative financial solutions..... Read More

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MARKET COMMENTARY

Economic and Market Review
Last month, we talked about pre-financial crisis (2008) conditions and how we’ve just now crawled back those levels..... Read More

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INVESTMENT SERVICES

The Ladder Investment Strategy (Revisited)
In the spring of 2011, Charlie Watts wrote an article that laid out the case for, and the mechanics of, a laddering investment strategy. Charlie did a great job in that essay and I felt that a reprise of the article’s content was a worthwhile exercise as we begin 2012......Read More

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CORRESPONDENT SERVICES

NACHA Limits Changes to 2012 Rules
Most of the changes to the 2012 ACH Rules will probably have little impact on most credit unions....Read More

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INDUSTRY NEWS

Changes in Presidential $1 Coin Program
A decision was made by the Treasury Department which will change the implementation of the Presidential $1 Coin Program....Read More

FinCEN Advisory on Account Takeover Fraud
The Financial Crimes Enforcement Network (FinCEN) is issuing this Advisory to assist financial institutions with identifying account takeover activity and reporting the activity through the filing of Suspicious Activity Reports (SARs)....Read More

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TRAINING & EDUCATION

New Training Presentation - CorPower System Overview
Our latest training presentation is designed for new users of our CorPower Account Management System....Read More

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: , SunCorp Financial Update, BSA & OFAC Compliance Overview, Funds Transfer Security Review....Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of November 30, 2011
Assets:
$1,298,835,681
Loans:
$5,526,013
Net Income (YTD):
$1,817,965
Interim Leverage Ratio:
7.84%

SunCorp Overnight Rate Average
(Average rates earned in November 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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