In This Issue:

  1. Top Story
  2. Market Update
  3. Investment Services
  4. Payment Systems
  5. Member Center Update
  6. WesCorp News
  7. Upcoming Events
  8. Product/Service Spotlight

 

Top Story

Managing interest rate risk in a rising rate environment

Many credit unions are now looking at loan portfolios heavily populated with fixed-rate loans originated during a (fairly lengthy) period of historically low-term interest rates.
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Market Update with Dwight Johnston

Searching high and low for good news

Last month I wrote about some good news that was coming from some bad news. The fall in home prices has brought many areas back to affordability levels that make some sense again. This is turn will ultimately bring back buyers and stabilization in the housing market.
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Investment Services

Time to look at those investment ladders again!

The fed funds rate stands at two percent and the outlook for both short-term and long-term rates remains uncertain. Current levels are certainly low on a historical basis and could rise significantly once a return to more normal and robust economic growth becomes predictable. At the moment, however, the woes in the housing market and surging food and energy prices threaten that outlook.
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Payment Systems

$1 Million in Rebates Rewarded to Purchase One Members

The efficient payment and purchasing card solution through Visa continues to exclusively help credit unions slash accounting costs as Purchase One surpasses the $1 million mark in rebates given back to members in the first quarter of 2008.
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Mexican families united across borders gain easy access to transferred funds

Last May, Kern Central Credit Union in Bakersfield, Calif. hosted a unique community outreach to launch Directo a Mexico, an international remittance program that allows U.S. credit unions and banks to easily transfer money through the regional banks and cajas (credit unions) of Mexico.
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WesPay symposium looks at future processing issues

The Western Payments Alliance will present its seventh annual Payments Symposium on September 7-9 at Harrah’s Hotel and Casino in Las Vegas.
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Member Center Update

Convenience. Ease of use. Access to key information. Explore the Member Center’s latest enhancements…

If you have the Executive or Invest view of the Member Center, you can find the WesCorp solutions used by your credit union conveniently listed – and always identified by a red check mark. Just look on the right side of your Executive or Invest home page.
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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.
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WesCorp welcomes new Director, Member Credit Administration.

Henry Wesolowski joins WesCorp as the newest member of our executive team.
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WesCorp’s 2007 Annual Report now available

We are delighted to present WesCorp’s 2007 Annual Report, which includes certified financial statements by the auditing firm KPMG, LLC. You will see on reviewing this report that WesCorp’s 2007 financial performance was the best in our 39-year history.
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Upcoming Events

See entire schedule…

 

Product/Service Spotlight

Check 21: Remote Deposit Capture

As you plan to make your credit union's transition to a Check 21 universe seamless, WesCorp can help you address the right questions and sort through the often confusing and challenging job of selecting the optimal solution for your credit union.
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