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 Welcomes Three New Member Credit Unions!
SunCorp is pleased to announce the addition of three new member credit unions and we are eager to serve them......Read More


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MARKET COMMENTARY

Economic and Market Review
Another stronger than expected labor report in November has brought the timing of Fed quantitative easing (QE) tapering back to the forefront of market concerns. 203 thousand new jobs were added during the month.....Read More


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INVESTMENT SERVICES

Jeff's Investment Corner
The news on the economy is getting a little better. Unemployment numbers are coming down as employment grows. Automobile sales are surging......Read More


SimpliCD: The Simple Way to Raise Funds
Liquidity needs can change rapidly. The ability to manage those liquidity needs quickly and efficiently is a key to asset/liability management. We offer more than just a vehicle to place your investments......Read More


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CORRESPONDENT SERVICES

ACH Compliance Audit
In October, SunCorp completed the annual ACH compliance audit required by the National Automated Clearing House Association (NACHA) Rules......Read More


Processing Check Deposit Rescans
Check deposit items with poor image quality are sometimes rejected by a correspondent or payor bank. The check image is lacking sufficient quality to meet industry or payor bank standards.....Read More


SunCorp Account Reconcilement
We remind credit unions of the importance of reconciling your SunCorp Cash Management Account with your general ledger records on a timely basis. Daily reconcilement of your account.....Read More


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INDUSTRY NEWS

Credit Unions Show Strong 3Q Results
According to reports by Callahan & Associates, credit unions continued their strong performance in the latest quarter. Loan growth is the most notable improvement.....Read More


Cyber Security Concerns for 2014 and Beyond
Trend Micro Incorporated released its annual security predictions report, "Blurring Boundaries: Trend Micro Security Predictions for 2014 and Beyond." The outlook cites that one major data breach will occur every month next year.......Read More


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TRAINING & EDUCATION

Latest SunCast: NACHA Rule Changes
Our latest SunCast presentation reviews recent NACHA rule changes and the potential impacts on your credit union ACH member service, compliance, and operations procedures......Read More


Upcoming Training Webinars
SunCorp's upcoming training webinars include the following topics: ACH Processing & Exception Handling, Tapering: What is it? What does it mean?, and Check Returns & Adjustments.
....Read More

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Upcoming Events

Seminars & Events 2014

  • February 23-27: CUNA Government Affairs Conference: Washington, DC
  • March 14-15: Utah Credit Union Association Annual Meeting: Salt Lake City, UT

Read More


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FINANCIAL STANDING

SunCorp’s Financial Standing
As of October 31, 2013
Assets:
$814,913,963
Loans:
$6,531,293
YTD Net Income:
$2,640,790
Leverage Ratio:
6.70%

SunCorp Overnight Rate Average
(Average rates earned in November 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:


 

Christmas Day
Wednesday, December 25, 2013

 

 




 

New Year's Day
Wednesday, January 1, 2014

 

 

 


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