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

A Conversation about Recapitalizing SunCorp
In our latest SunCast, we visited with Becky Reed, President of Western Heritage Credit Union, about their decision to participate in SunCorp’s recapitalization.  She describes how they examined the facts and overcame emotional hurdles to make the difficult decision.  Click here to listen to the 5-minute interview.

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INSIDE SUNCORP

2011 SunCorp Annual Report
SunCorp’s 2010 Annual Report is now available.....Read More

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MARKET COMMENTARY

More Mixed Signals for the Economy
The labor market continued to demonstrate slow, steady improvement. In April, the private sector increased by 268,000 jobs, the 14th consecutive month of gains...... Read More

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INVESTMENT SERVICES

Securities Settlement and Safekeeping Program
Selecting safe, sound investments is key to a successful credit union investment portfolio. Just as important is selecting a safe and sound provider for settlement and safekeeping of your investments......Read More

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CORRESPONDENT SERVICES

Beware of Fraudulent Transfer Requests
The continuing problem of fraudulent wire transfer requests is increasing.....Read More


Member Share Draft Reminder
Timelines, messages, etc. reminders on share draft returns.....Read More

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INDUSTRY NEWS

New Payments Corporate Forming Out of U.S. Central
NCUA has given the green light to an organizing committee to proceed with forming a payments corporate out of the present payments-related functions at U.S. Central Bridge......Read More


U.S. Treasury to "Retire" Paper Check for New Recipients of Social Security and Other Federal Benefits
The U.S. Department of the Treasury is retiring the paper Social Security check for millions of baby boomers and others applying for federal benefits, a move that will save taxpayers $1 billion over the next 10 years......Read More

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TRAINING & EDUCATION

CUNA Mutual Webinars
We encourage credit unions to take advantage of the many free educational webinars offered by the CUNA Mutual Group.....Read More


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

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of March 31, 2011
Assets:
$2,000,607,162
Loans:
$3,229,139
Net Income (YTD):
$682,768
Capital Ratio:
2.06%

SunCorp Overnight Rate Average
(Average rates earned in February 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:


Memorial Day
Monday, May 30, 2011

 


 

Please adjust your cash ordering schedule accordingly.

 

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