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 2012 Annual Report Available
SunCorp's 2012 Annual Report is now available on our website. Please
click here to access the Annual Report.

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MARKET COMMENTARY

Economic and Market Review
GDP growth in the first quarter of the year came in at a seasonally adjusted 2.5%. This was a sizeable improvement from the torpid .4% growth seen in the fourth quarter of 2012. However, the improvement did not meet economist expectations......Read More


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INVESTMENT SERVICES

SimpliCD: The Simple Way to Raise Funds
Liquidity needs can change rapidly. The ability to manage those liquidity needs quickly and efficiently is key to asset/liability management.....Read More


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CORRESPONDENT SERVICES

New NACHA Rule on Incomplete Transactions May Benefit Your Members
Credit unions struggle to help members with disputed ACH debit entries. Until now, members could only claim that the entries were “unauthorized” to qualify.....Read More


New SunCast on CFPB's International Remittance Regulations
Our latest SunCast reviews the finalized regulations on international remittances, the impacts on credit unions, and SunCorp’s plans to assist our members with compliance.....Read More


Mitigating Problems with Internet Explorer 10
Due to recent actions by Microsoft, some credit unions are installing Internet Explorer 10 (IE10) as their default browser. We have found numerous problems when.....Read More


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INDUSTRY NEWS

Federal Reserve Announces Day of Issue of Redesigned $100 Note
The Federal Reserve Board has announced that the redesigned $100 note will begin circulating on October 8, 2013. This note, which incorporates new.....Read More


Suspicious Activity Reporting for Dummies® eBook
This handy reference guide from Verafin walks you through the process of filling out the SAR form and.....Read More


IC3 2012 Internet Crime Report Released
The Internet Crime Complaint Center (IC3) has released the 2012 Internet Crime Report - a summary of reported fraudulent activity, including data and statistics. In 2012, the IC3 received and processed 289,874 complaints.....Read More


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TRAINING & EDUCATION

CorPower System Training and Documentation
SunCorp provides recorded training sessions and reference documents on all aspects of our CorPower System and.....Read More


Upcoming Training Webinars
SunCorp's upcoming training webinars include the following topics: Domestic Wire Transfer Services, ALM Modeling with SunALM, ACH Origination Fundamentals, and SimpliCD: The Simple Way to Raise Funds
.....Read More


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Upcoming Events

Seminars & Events 2013

  • 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 March 31, 2013
Assets:
$1,080,075,519
Loans:
$35,228
YTD Net Income:
$2,025,257
Leverage Ratio:
5.95%

SunCorp Overnight Rate Average
(Average rates earned in April 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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