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

NCUA Share Guarantee Program Ending December 31, 2012
Recently, the NCUA sent a letter to credit unions reminding them of the expiration of the Temporary Corporate Credit Union Share Guarantee Program. This program, scheduled to end on December 31, 2012, was implemented by the NCUA in 2009 to eliminate uncertainty about the safety of deposits in corporate credit unions during the financial crisis...... Read More

SunCorp Annual Meeting

The Annual Meeting of System United Corporate Federal Credit Union (SunCorp) shall be held Wednesday, May 23, 2012 at 11:30 am MDT at SunCorp’s office in Westminster, Colorado.

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MARKET COMMENTARY

Economic and Market Review
The March employment figures disappointed investors across the board. Non-farm payrolls grew by just 120 thousand, compared to economist estimates of 205 thousand...... Read More

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INVESTMENT SERVICES

Time to Rethink Your Investment Outlook?
The last month has seen a jump in interest rates, followed by a similar decline in rates. For most of the second half of 2011 and the first couple of months of 2012, rates along the yield curve were remarkably stable. And why not?.....Read More

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CORRESPONDENT SERVICES

U.S. Central Wind Down Update
NCUA continues the process of winding down the operations of U.S. Central Bridge Corporate FCU with a targeted completion date of December 31, 2012......Read More

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INDUSTRY NEWS

NACHA and Other Financial Industry Participants Join Forces with Microsoft to Combat Online Fraud and Identity Theft
In an effort to help reduce potential future fraud and retain confidence in electronic payments systems, NACHA joined with Microsoft Corporation, the Financial Services Information Sharing and Analysis Center (FS-ISAC), the American Bankers Association (ABA), Kyrus Tech, Inc., and financial institution representatives to plan and execute a coordinated operation to disrupt some of the most notorious cybercrime operations that have been responsible for fueling online fraud and identity theft......Read More

Remittance Rule Covers Disclosures and Exclusions
The Credit Union National Association (CUNA) has released a final rule analysis of new Consumer Financial Protection Bureau (CFPB) protections for consumers who transfer money internationally.......Read More

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TRAINING & EDUCATION

Self-Paced Online Training Sessions Most Popular
As technology improves and educational methods evolve, most training and education is now done online. At SunCorp, our self-paced online sessions are the most popular training option for many credit unions......Read More

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: SunCorp Financial Review....Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of February 29, 2012
Assets:
$1,220,821,972
Loans:
$4,637,743
YTD Net Income (Loss):
($37,041)
Leverage Ratio:
8.31%

SunCorp Overnight Rate Average
(Average rates earned in February of 2012)
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 28, 2012

 

 

 

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