In This Issue:
- Top Story
- Market Update
- Investment Services
- Payment Systems
- Member Center Update
- WesCorp News
- Upcoming Events
- Product/Service Spotlight
Top Story
See the latest WesCorp Safety & Soundness Webcast
On Friday, August 1, WesCorp presented its Quarterly Safety & Soundness Review as a webcast to some 407 viewers at 200 member credit unions. If you missed the program or would like to see it again, you can access it here.Read More…
Market Update with Dwight Johnston
Stop Trading!
In last month’s Words from WesCorp edition, I wrote that Wall Street was setting the stage for another patented rally from “oversold conditions.” The Dow rallied 1300 points from March to May as expectations of bad news on financials had already been priced in at the lows. The renewed collapse in the prices of financials in June brought financial stocks back down to new lows, and the Street expected a big rally from those newer “cheap” levels.Read More…
Investment Services
Certificates: The Lost Step-Child?
Corporate certificates can play a valuable role within a credit union’s investment portfolio, yet many credit unions avoid these instruments. Given the multiple advantages certificates offer, I often wonder why? While certificates are not as sexy as securities, the simplicity and yield advantage are the very reason why they should be included within your portfolio.Read More…
Payment Systems
Introducing ARC
In the ever changing world of paper conversion, WesCorp is continuing its pursuit of providing you with increased efficiencies while maintaining lowest possible operating expenses.Read More…
Member Center Update
Latest news at your fingertips. Explore the Member Center’s latest enhancements…
Did you know that all the news you’ll ever need is brought straight to your desktop via the Member Center’s Executive or Invest view? That’s right, you’ll never have to scour multiple news sources again. The Member Center pulls together the day’s most relevant news from more than 4,000 sources and groups them into convenient categories—all accessible from your Member Center Executive or Invest home page.Read More…
WesCorp News
Join Us! Credit Union Outlook Conference - September 22-25 - Wynn, Las Vegas
As credit unions look ahead, they will need all the tools available to navigate investing strategies in the uncertain markets that will likely resonate in 2009.Read More…
Stanton promoted to Vice President, Business Development
Rick Stanton accepts new position overseeing all business development activities.Read More…
Download “OnDeck” today
This eight-minute podcast is posted each Monday and features WesCorp financial and market analyst Dwight Johnston.Read More…
Business Continuity Exercise scheduled for August
On Thursday evening, August 21, through Friday, August 22, WesCorp will be conducting a day-long test of our business continuity plan.Read More…
Upcoming Events
- August 12: Beyond the Balance Sheet Webcast - Energizing Your Strategic Planning Process.
- August 13: Market Review & Outlook Webcast
- September 1: WesCorp offices will be closed in observance of Labor Day
- September 22: CU Outlook Conference - Wynn, Las Vegas.
Product/Service Spotlight
Need help managing your balance sheet?
WesCorp’s Financial Solutions Group (FSG) utilizes state-of-the-art evaluation tools, risk assessment and research to provide comprehensive balance sheet management consulting designed to help our members reduce risk and make better ALM decisions.Read More…