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


MARKET COMMENTARY

Economic and Market Review
April began with a decidedly negative tone for economic data, highlighted by a weak employment report, a small drop in auto sales, and a weaker than expected Index of Supply Management reading......Read More


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INVESTMENT SERVICES

Interest Rate Risk Policy and Management Program
Recently, the NCUA instituted a new rule regarding credit unions Interest Rate Risk Policy and the accompanying Interest Rate Risk Management Program.....Read More


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CORRESPONDENT SERVICES

Improved Check Processing Forms Now Available
At the request of many credit unions, SunCorp has recently developed two new forms to help credit unions use our check processing services. The new forms will guide.....Read More


mACH™ System Reports
SunCorp’s Members ACH (mACH) System produces comprehensive reports on all ACH receipt and origination activity.  In order to comply with NACHA’s record retention requirements.....Read More


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INDUSTRY NEWS

CUNA Mutual Introduces New Online Risk Assessments
CUNA Mutual Group added four new Online Risk Assessments to its Credit Union Protection Resource Center to help bond policyholders avoid some of the fastest-growing and most costly risks.....Read More


ACH Payment Volume Exceeds 21 Billion in 2012
Total ACH payment volume grew to over 21 billion transactions in 2012, up 4.19 percent over 2011, according to new statistics released by NACHA — The Electronic Payments Association. A total of $36.9 trillion.....Read More


New SDN Search Tool for OFAC Screening
The Office of Foreign Assets Control (OFAC) launched a new and improved tool for searching its Specially Designated Nationals List (SDN). The new version of SDN Search provides.....Read More


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TRAINING & EDUCATION

Check Processing Quick Reference Cards
Credit union employees have found that our check processing systems are easy to use with the right resources. The most common tools used by employees are.....Read More


Upcoming Training Webinars
SunCorp's upcoming training webinars include the following topics: Check Loss Prevention, Check Returns and Adjustments, Domestic Wire Transfer Services and ALM Modeling with SunALM
.....Read More


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Upcoming Events

Seminars & Events 2013

  • May 8-10: Idaho Credit Union League Annual Meeting: Coeur d'Alene, ID
  • May 19-22: CUNA CFO Council Conference and Roundtable: Phoenix, AZ
  • May 19-22: Utah Credit Union Association Executive Summit: St. George, UT
  • May 20: Multi-Chapter California Credit Union League - Political Action Committee Golf Tournament: Valencia, CA
  • May 22: SunCorp Annual Meeting: Westminster, CO
  • June 6-8: Nebraska Credit Union League Annual Meeting: Lincoln, NE

Read More


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FINANCIAL STANDING

SunCorp’s Financial Standing
As of February 28, 2013
Assets:
$1,035,376,760
Loans:
$2,176,130
YTD Net Income (Loss):
($49,849)
Leverage Ratio:
5.59%

SunCorp Overnight Rate Average
(Average rates earned in March 2013)
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:




Memorial Day
Monday, May 27, 2013



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