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

Introducing Dawn Ott as SunCorpís VP of Risk and Compliance
Dawn Ott is SunCorp's newest team member as the VP of Risk and Compliance......Read More

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MARKET COMMENTARY

Economic and Market Review
The February employment figures came in stronger than expected, continuing the trend of moderate labor market improvement. Total non-farm payrolls grew by 246 thousand while the unemployment rate ticked down to 7.7%.....Read More


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INVESTMENT SERVICES

Treasury Inflation-Protected Securities (TIPS)
TIPS have gained a lot of attention lately as the Fedís accommodative monetary policy is potentially paving the way for future inflation. The NCUA has recently approved the purchase of TIPS for federally-insured credit unions.....Read More


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CORRESPONDENT SERVICES

mACH System Extends Processing Deadline
SunCorpís mACH System volume continues to grow as more credit unions expand their ACH origination services. To meet the additional demand.....Read More


Expanded Check Deposit Processing Options
SunCorp has been processing check image deposits for many years via the SunCapture branch capture system. More recently, credit unions have been using SunCorpís image processing services.....Read More


Check Loss Prevention from SunCorp and Early Warning
Fraud and risk prevention remain a high priority for credit unions, and finding the right solution(s) for this critical business function remains a challenge. Controlling expenses through loss prevention is a crucial.....Read More


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INDUSTRY NEWS

FinCEN Advisories: Tax Refund Fraud and New SAR / CTR Reports
FinCEN issued an advisory to remind financial institutions of previously published information concerning tax refund fraud and the subsequent reporting of such activity through the filing of Suspicious Activity Reports.....Read More


CUNA Mutual: Six Steps to Prepare for Cyber Attacks
Distributed denial of service (DDoS) attacks that hit 22 banks as well as two credit unions in California and Texas have prompted advice from CUNA Mutual Group on how to prepare for cyber attacks.....Read More


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TRAINING & EDUCATION

Check Out Our Recent SunCasts
Our latest SunCast presentation on Payment Systems Security reviews a few recommendations to mitigate potential fraud losses on cashierís checks and electronic funds transfers.....Read More


Upcoming Training Webinars
SunCorp's upcoming training webinars include the following topics: ALM & Economics Driving Investments, ACH Member Service and BSA & OFAC Compliance Overview
.....Read More

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Upcoming Events

Seminars & Events 2013

  • 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
  • May 19-22: Utah Credit Union Association Executive Summit: St. George, UT
  • May 22: SunCorp Annual Meeting: Westminster, CO
  • June 5-7: Nebraska Credit Union League Annual Meeting: Lincoln, NE

Read More


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FINANCIAL STANDING

SunCorp’s Financial Standing
As of January 31, 2013
Assets:
$897,216,924
Loans:
$2,951,636
YTD Net Income (Loss):
($120,451)
Leverage Ratio:
5.48%

SunCorp Overnight Rate Average
(Average rates earned in February 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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