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

Krista Newman Receives CTP Designation
We are proud to announce that the Association for Financial Professionals recently granted the Certified Treasury Professional (CTP) designation to Krista Newman, SunCorp’s Portfolio Analyst......Read More

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MARKET COMMENTARY

We Made It Back to the Surface
Many economic and financial indicators are now at or above the pre-Lehman collapse figures from September 2008.... Read More

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INVESTMENT SERVICES

Quality and Convenience - Keys to Purchasing Jumbo CDs
Our SimpliCD program is designed to offer credit unions the opportunity to purchase jumbo CDs from among the highest quality issuers in the country......Read More

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CORRESPONDENT SERVICES

SunCorp's Check Processing Adjustment Service
Most of your exception handling duties with member share drafts and check deposits are done via routine check return procedures.  However, there are some check disputes that need to be handled as adjustments rather than returns.....Read More


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

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INDUSTRY NEWS

Treasury Extends Direct Deposit, Phasing Out Paper Checks
The U.S. Department of the Treasury has issued a final rule to extend the safety and convenience of electronic payments to all Americans receiving federal benefit and non-tax payments.......Read More


2011 ACH Rule Changes
The National ACH Association (NACHA) has announced a few ACH rule changes that will become effective in September 2011......Read More

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TRAINING & EDUCATION

SunCasts Provide Quick and Timely Updates
Our latest SunCast presentation reviews recent Trends in the Payments Industry including developments in the ACH, check, and debit card systems.....Read More


Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: SunCorp Financial Update, SimpliCD Program Overview, Fundamental of Check Laws & Regulations.... Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of November 30, 2010
Assets:
$2,309,825,196
Loans:
$4,271,397
Net Loss (YTD):
($3,227,573)
Capital Ratio:
1.96%

SunCorp Overnight Rate Average
(Average rates earned in November of 2010)
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

February Holiday Schedule

SunCorp will be closed in observance of the following holiday:


President's Day
Monday, February 21, 2011

 


 

Please adjust your cash ordering schedule accordingly.

 

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