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


INSIDE SUNCORP

Member Survey Provides Direction
As part of our commitment to improve your experience with SunCorp’s products, services, and people, we ask for your feedback by participating in the 2011 SunCorp Member Relationship Survey......Read More

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MARKET COMMENTARY

Politics Defeats Economics in the Short Run
The stand-off between Democrats and Republicans and Executive Branch vs. Legislative in early August contributed to an S&P ratings downgrade of U.S. Treasury debt from gilt-edged AAA to gilt-cornered? AA+..... Read More

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INVESTMENT & LIQUIDITY

Obtain Funding by Issuing CDs through SimpliCD
Issuing federally insured CDs has never been easier through SimpliCD, managed by Primary Financial...Read More

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CORRESPONDENT SERVICES

User Administration for Accessing SunCorp’s Systems
Properly maintaining your employees’ access to SunCorp’s systems is an important function for both security and operational reasons.....Read More

New SunCorp Accounts Guide
Our new Accounts Guide provides credit unions with an overview of their SunCorp account types and transactions....Read More

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INDUSTRY NEWS

Law Enforcement Relies on Your Credit Union
Last year, FinCEN undertook an outreach initiative to smaller depository institutions all over the country to hear about how these institutions implement their anti-money laundering programs.....Read More

Social Security Numbers Within ACH Payments
The Department of the Treasury, Financial Management Service(FMS), values the importance of privacy and the protection of personal identifiable information (PII)......Read More

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TRAINING & EDUCATION

Check Out Our Recent SunCasts
Our latest SunCast presentation reviews the FFIEC Internet Banking Authentication Guidance .....Read More

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: SunCorp Financial Update, ACH Compliance, etc.... Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of June 30, 2011
Assets:
$1,604,474,712
Loans:
$8,881,814
Net Income (YTD):
$1,468,617
Capital Ratio:
2.27%

SunCorp Overnight Rate Average
(Average rates earned in June of 2011)
Money Market Account:
Balance < $1 million
0.08%
Balance $1 - $10 million
0.08%
Balance > $10 million
0.08%
Cash Management Account:
0.08%
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 5, 2011

 

Please adjust your cash ordering schedule accordingly.

 

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