Spring into ACH!
posted 2/8/2010 1:11:06 PM by Denise Nowinski
Yes it is time again for an information upload regarding ACH! On Friday, March 5th, Sean Carter from NEACH will be the providing you with an update on the new rules, your responsibilities regarding general processing, risk assessment and more.
The session will be held at the Credit Union Service Center in Westbrook, ME from 9:30 to 2:30. More information including a registration form will be sent out shortly. For now…Mark your calendar and plan to attend!
Holiday Currency Reminder
posted 2/8/2010 11:12:55 AM by Sonja Nielsen
Attention All Currency Customers:
Due to the upcoming Holiday on Monday, February 15th, Tricorp FCU would like to remind you to order your currency a day earlier than normal this week.
If the holiday falls on a day between the day you order your money, and the day you get your money, please order early to ensure delivery.
If your delivery day is the holiday, please check with your carrier for your actual delivery date. If you place your orders on “Open Door”, and your delivery happens to fall on the holiday, you will need to call us to place that order.
If you have any questions or concerns, please feel free to call us at 1-800-346-1936 option 1.
Thank you!
Presidential Coin Release
posted 1/21/2010 2:43:05 PM by Sonja Nielsen
The Federal Reserve Banks’ special five-week ordering process for the Millard Fillmore Presidential $1 Coins is five days away. All dollar coin orders placed between January 28 and March 4, 2010 will be filled with unmixed Millard Fillmore $1 Coins in boxes containing $1,000 in wrapped rolls of $25.
Tricorp has been able to alter the increment restrictions for the Dollar coins to accommodate the special Presidential Dollar Coins Release.
For Open Door customers, simply input the dollar coins request in the “Gold Dollar” Section on the Open Door Order form.
For those of you who call their cash orders in, just let your Member Services Rep know that you would like to only get $1,000 in the Presidential Coin.
If you have any questions, please feel free to contact Stacy Farwell at ext 206, or any other Member Services Rep.
In addition, please keep in mind that you will still need to call your carrier to have them flag the order.
The Public Release Date for these coins is February 18, 2010.
Market Commentary
02/05/2010
The Dow has fallen below the 10,000 level, commodities are mixed, and bonds are rallying on news of the Unemployment Rate fell in January.
The headline U3 Unemployment Rate for January came in lower than expected at 9.7% vs. 10.0% surveyed and prior. The Change in Nonfarm Payrolls was -20,000 vs. +15,000 expected and -150,000 prior. The Change in Manufacturing Payrolls hit +11,000 vs. -20,000 expected and -23,000 prior. Average Weekly Hours registered 33.9 vs. 33.8 prior. The U6 Unemployment Rate, which is considered to be the most accurate measure of unemployment, dropped to 16.5% from 17.3%.
Consumer Credit is due out this afternoon. The figure is expected to have fallen -$10.0 billion after the prior -$17.5 billion.
Treasury yields are falling at 11:00 a.m. EST: 2-year note .77%; 5-year note 2.26%, 10-year note 3.60%, and the 30-year bond 4.56%.
John Caladim Managing Director, Corporate Strategies Group CU Investment Solutions, Inc. (ISI), a subsidiary of U.S. Central
Investment Alert
Call Notice
The following Structured Product Certificates will be called effective 02/16/2010: FC7645, FC7647, SU7648, FC7705, FC7738, FC7739, SU7740, FC7760
