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 Moves to New Office for Member Savings
SunCorp recently relocated operations to a new building in Westminster, Colorado. The new office is expected to reduce operating expenses, saving members approximately $350,000 annually....... Read More

 

Accredited ACH Professional (AAP) Recognition
On February 12, 2013, NACHA The Electronic Payments Association honored the 4,000 Accredited ACH Professionals (AAPs) as part of National AAP Recognition Day. SunCorp currently has three AAPs on staff – Jill Case, Monica Culver, and Ed Beck...... Read More

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MARKET COMMENTARY

Economic and Market Review
The U.S. economy as measured by GDP shrank by an annualized 0.1% in the 4th quarter of 2012. This marked the first contraction in economic activity in over 3 years...... Read More

 

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INVESTMENT SERVICES

ALM and Economics Driving Credit Union Investments
Credit unions are working diligently to find safe, income producing investments in the current uncertain economic environment.......Read More

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CORRESPONDENT SERVICES

NACHA Rule Changes for 2013
You should have received your new 2013 NACHA Rule Book by now, and perhaps had the opportunity to review it.  Credit unions have commented.....Read More

 

Safekeeping Reports Now Online
We have completed the implementation of our new online Security Safekeeping Reports system, and you can begin accessing these online reports immediately. The reports are designed.....Read More

 

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INDUSTRY NEWS

CFPB Remittance Regulations May Impact International Wire Transfers
Effective in 2013, the new remittance transfer regulations from the Consumer Finance Protection Bureau (CFPB) implementing provisions of the Frank-Dodd Act will take effect......Read More

 

Money Mule Scams Continue to Strike Credit Unions
The newest money mule scam uses internal member-to-member transfers via online banking systems to steal funds from.......Read More

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TRAINING & EDUCATION

Wire Transfer Fraud Webinar Recording
CUNA Mutual has made the recording of their recent wire transfer fraud webinar available to their policyholder credit unions......Read More

 

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics:
Domestic Wire Transfer Services, ACH Compliance & Audit Review, ALM & Economics Driving Investments....Read More

 

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Upcoming Events

Seminars & Events 2013

  • February 24-28: CUNA Government Affairs Conference: Washington, DC
  • March 7-9: Utah Credit Union Association Annual Meeting: Salt Lake City, UT
  • March 14-15: Rocky Mountain CUES Spring Conference: Cheyenne, WY
  • April 4-6: Mountain West Credit Union Association Annual Meeting: Phoenix, AZ
  • May 8-10: Idaho Credit Union League Annual Meeting: Coeur d'Alene, ID

Read More

 

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of December 31, 2012
Assets:
$937,272,583
Loans:
$765,010
YTD Net Income:
196,973
Leverage Ratio:
9.06%

SunCorp Overnight Rate Average
(Average rates earned in January 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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