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's Annual Meeting Results
SunCorp’s 34th Annual Meeting was held on June 23, 2012 with 29 members physically present. The annual report was officially presented and reviewed during the meeting....... Read More

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MARKET COMMENTARY

Economic and Market Review
The May employment figures were soft and disappointing for the third consecutive month. Non-farm payrolls grew by just 69 thousand, compared to economist estimates of 150 thousand. The April report was revised downward by 38 thousand jobs. The relatively warm winter pulled demand and jobs forward, giving the U.S. economy more growth than expected in the first quarter...... Read More

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INVESTMENT SERVICES

Brokerage Services
Did you know SunCorp offers members access to the fixed income market through CU Investment Solutions, LLC?  ISI is a registered broker-dealer for the Credit Union Network, owned by ten corporate credit unions including SunCorp......Read More

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CORRESPONDENT SERVICES

Stopping Check Fraud on the Teller Line
Credit unions continue to suffer losses from check fraud despite declining check usage.  Many of these losses are caused by counterfeit or altered checks presented for deposit to your front line staff......Read More

Information Requests from Members
Due to security and confidentiality restrictions, SunCorp cannot provide transaction information directly to your consumer or business members.......Read More

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INDUSTRY NEWS

NACHA Launches Updated Website
NACHA The Electronic Payments Association has launched a new and improved version of its electronicpayments.org website in support of Direct Deposit and Direct Payment......Read More

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TRAINING & EDUCATION

mACH Training Options
We have two sessions available for training your staff on the new mACH™ (Members ACH) System.  The System Overview session covers the basic functions of file receipt, file import, returns/NOCs, file submission, and reports......Read More

Upcoming Training Webinars
SunCorp’s upcoming training webinars include the following topics: mACH™ System Overview, mACH
System Origination Module....Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of April 30, 2012
Assets:
$1,141,054,458
Loans:
$96,943
YTD Net Income (Loss):
($84,364)
Leverage Ratio:
8.51%

SunCorp Overnight Rate Average
(Average rates earned in April 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:



Independence Day
Wednesday, July 4, 2012

 

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