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 Acquires New Headquarters Building
After several months of careful analysis, the SunCorp Board agreed that the purchase of the Benton Street Property was less expensive than the best lease alternative that we could find...... Read More

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MARKET COMMENTARY

Economic and Market Review
The September employment figures were not great, despite the improvement in the unemployment rate. Non-farm payrolls grew by just 114 thousand and manufacturing jobs fell by 16 thousand...... Read More

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INVESTMENT SERVICES

Small Business Administration (SBA) Loan Pool Securities
Questions about SBA loan pool securities have arisen the last few months as credit unions struggle to find additional investment options......Read More

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CORRESPONDENT SERVICES

CorPower System Access Change
Effective November 7, access to our CorPower Account Management Application will be available via a new Internet address: https://suncorp.corpower.org.....Read More

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INDUSTRY NEWS

FinCEN Informational Webinars on New SAR and CTR Requirements
The Financial Crimes Enforcement Network has released recorded versions of their recent webinars reviewing the new SAR and CTR forms and instructions......Read More

NACHA Proposal for Expedited Settlement and Processing
The much anticipated proposal from the National ACH Association (NACHA) to provide for faster processing and settlement of ACH entries was not approved by its membership in a recent ballot.......Read More

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TRAINING & EDUCATION

Training & Information Resources
As a benefit for their bond policyholders, CUNA Mutual reviewed several fraud topics during their October 17 webinar......Read More

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics:
SimpliCD Program Review, BSA & OFAC Compliance Overview, Check Returns & Adjustments, ACH Compliance & Audit Review....Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of August 31, 2012
Assets:
$1,028,107,466
Loans:
$975,507
YTD Net Income (Loss):
($61,913)
Leverage Ratio:
8.59%

SunCorp Overnight Rate Average
(Average rates earned in August of 2012)
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:



Veteran's Day
Monday, November 12, 2012

 

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