In This Issue:
1. Inside SunCorp
2. Market Commentary
3. Investment Services
4. Correspondent Services
5. Industry News
6. Training & Education
7. Upcoming Events
8. Financial Standing
9. Holiday Schedule


INSIDE SUNCORP

SunCorp Holds School Supplies Drive Benefiting Nearby School
SunCorp recently completed a school supplies drive for Cotton Creek Elementary School, a neighborhood school located less than a mile from SunCorp......Read More

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MARKET COMMENTARY

Economic and Market Review
The Commerce Department’s first estimate at second quarter GDP firmly beat expectations. The 1.7% increase in real GDP compared to the +1% consensus by economists. The release was not all together encouraging however, due to substantial downward revisions to the first quarter reading.....Read More


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INVESTMENT SERVICES

Jeff's Investment Corner
Rates continue to press higher. Since my last report, the 10-year yield has moved from 2.60% to 2.85%. The declared reason for this rate adjustment is an increased likelihood that QE tapering will begin at the upcoming September 18 FOMC meeting.....Read More


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CORRESPONDENT SERVICES

International SunWires System Upgrades Coming in October
To comply with the new CFPB remittance regulations, SunCorpís International SunWires System will benefit from several upgrades in October.....Read More


Experience the Difference with MY CU Servicesí Electronic Bill Payment for Consumers
SunCorp's electronic bill payment partner, MY CU Services, operates a turnkey consumer program that easily integrates with your credit union's home banking provider.....Read More


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INDUSTRY NEWS

Redesigned $100 Note Coming Soon
The redesigned $100 note will begin circulating on October 8, 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.....Read More


NCUA Regulatory Alert on Remittance Requirements
The National Credit Union Administration has reminded credit unions of recent major changes to the remittance transfer rule by the Consumer Financial Protection Bureau (CFPB), and the upcoming Oct. 28 compliance date, in a new Regulatory Alert.....Read More


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TRAINING & EDUCATION

Self-Paced Online Training Sessions Most Popular
As technology improves and educational methods evolve, most training and education is now done online. At SunCorp, our self-paced online sessions are the most popular training option for many credit unions.....Read More


Upcoming Training Webinars
SunCorp's upcoming training webinars include the following topics: ACH Processing & Exception Handling, Check Returns & Adjustments, ACH Compliance & Audit Review
.....Read More

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Upcoming Events

Seminars & Events 2013

  • September 5: SCCUA Q3 Collaboration Meeting: Brea, CA
  • September 5-6: Rocky Mountain CUES Summer Conference: Vail, CO
  • October 28-30: California and Nevada Leagues Annual Meeting: San Francisco, CA

Read More


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FINANCIAL STANDING

SunCorp’s Financial Standing
As of June 30, 2013
Assets:
$834,723,693
Loans:
$6,503,982
YTD Net Income:
$4,237,006
Leverage Ratio:
6.47%

SunCorp Overnight Rate Average
(Average rates earned in July 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:


Labor Day
Monday, September 2, 2013

 


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