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


INSIDE SUNCORP

SunCorp Welcomes Jeff Smith as New Director of Investment Sales
Jeff Smith, a credit union veteran with more than 35 years of experience in fixed income security sales, has joined the SunCorp team as Director of Investment Sales..... Read More

Steve Browning Joins the SunCorp Team as Business Development Officer
Steve Browning has joined the SunCorp team as a Business Development Officer for credit unions in Southern California..... Read More

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MARKET COMMENTARY

Economic and Market Review
How did you feel in 2008, just before the financial market crisis exploded onto the scene in September of that year? At that time, the U.S. economy was already headed toward a downturn, with the housing and financial sectors faltering due to the excesses of the prior 2 years..... Read More

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INVESTMENT SERVICES

Introducing the Daily Market Commentary
As part of SunCorpís continuing effort to help our members keep up with market developments, I have been asked to write a Daily Market Commentary. This commentary will be posted in the Rate Section of the SunCorp home page......Read More

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CORRESPONDENT SERVICES

Check Loss Prevention
We find that many credit union employees have only a vague understanding of the laws and regulations that apply to checks and share drafts....Read More

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INDUSTRY NEWS

Still Time to Complete Your ACH Compliance Audit
NACHA recently changed the deadline for completion of your annual ACH compliance audit from December 1 to December 31....Read More

Online Banking Fraud & FFIEC Authentication Guidance
We encourage credit unions to take advantage of the many free educational webinars offered by the CUNA Mutual Group....Read More

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TRAINING & EDUCATION

Check Out Our Recent SunCasts
Our latest SunCast presentation summarizes SunCorpís Education and Information Resources including our live webinars, self-paced training presentations, and various forms of operational and compliance documentation....Read More

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: Domestic Wire Transfer Overview, Securities Daily Offering Review, SunCorp Financial Update....Read More

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FINANCIAL STANDING

SunCorp's Financial Standing
As of October 31, 2011
Assets:
$1,387,476,861
Loans:
$4,231,538
Net Income (YTD):
$1,787,287
Capital Ratio:
7.74%

SunCorp Overnight Rate Average
(Average rates earned in October 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:



The Day After Christmas
Monday, December 26, 2011







The Day After New Year's Day
Monday, January 2, 2012

 


Please adjust your cash ordering schedule accordingly.

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