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 Adds 26 New Member Credit Unions
SunCorp is pleased to announce the addition of 26 new member credit unions from the Western states during the first four months of 2012...... 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 April employment figures were soft for the second consecutive month. Non-farm payrolls grew by just 115 thousand, compared to economist estimates of 160 thousand...... Read More

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INVESTMENT SERVICES

Security Safekeeping Solution
Security safekeeping, defined as the keeping of assets which include securities by a financial institution, is a service provided by many banks and other financial institutions......Read More

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CORRESPONDENT SERVICES

Reminders for Receiving International Wire Transfers
Here are a few reminders on how to handle member requests for receiving international wire transfers......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

ACH Payment Volume Exceeds 20 Billion in 2011
Total ACH payment volume grew to over 20.2 billion transactions in 2011, up 4.35 percent over 2010, according to statistics released by NACHA The Electronic Payments Association......Read More

Electronic Filing Reminder from FinCEN
In a notice dated February 24, 2012, the Financial Crimes Enforcement Network (FinCEN) announced, that in an effort to improve efficiency; reduce government and industry costs; and enhance the ability of investigators, analysts, and examiners to gain better and more timely access to information; that it is adopting a requirement that all financial institutions subject to Bank Secrecy Act (BSA) reporting use electronic filing (E-Filing) for certain FinCEN reports beginning no later than July 1, 2012......Read More

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TRAINING & EDUCATION

Check Out Our Recent SunCasts
Our latest SunCast presentation summarizes the proposed regulations from the CFPB on remittance transfers primarily international wire and ACH transfers. Click here to access the brief 5-minute SunCast presentation.....Read More

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FINANCIAL STANDING

SunCorp’s Financial Standing
As of March 31, 2012
Assets:
$1,276,960,495
Loans:
$4,899,349
YTD Net Income (Loss):
($77,105)
Leverage Ratio:
8.31%

SunCorp Overnight Rate Average
(Average rates earned in March 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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