Archive

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

The Role and Value of Corporate Credit Unions

Corporate credit unions and natural person credit unions are similar in many ways. They both strive to provide the best overall value for their members by offering highly competitive investment yields and the lowest fees on transactions. There is another similarity: both types of credit unions must continually promote themselves to their membership to remind them of the unique role each plays in their lives or risk the precipitous fall onto the field of commodities.
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Market Update with Dwight Johnston

A Big Shift but Not Into High Gear

This quote is from last month’s Words from WesCorp: “We expect that the next few Unemployment Reports will shock the markets out of any concern about the Fed tightening.” As it happened, it didn’t take “the next few” reports. It only took one report. August payrolls declined by 84,000, but revisions to June and July cut another 58,000 off of jobs roster. But the shock wasn’t the Nonfarm Payroll number, it was the jump in the Unemployment Rate from 5.7 percent to 6.1 percent, the highest rate in almost five years.
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Investment Services

July Financials Show Strong Results

On a cumulative basis, through the first seven months of 2008, WesCorp continues to record strong financial results with YTD earnings well exceeding plan. For the month ended July 31 an overall increase to retained earnings was recorded amounting to $5.4 million, comprised of net interest income of $10.3 million and other operating income of $2.7 million offset by other operating expenses of $7.0 million and PIC dividends of $0.6 million.
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Payment Systems

Streamline the Payment Process and Reduce Costs with Purchase One

Through our partnership with PROCURA, LLC you can take advantage of an efficiency building purchase card that delivers a high level of control and workflow automation-–tailored specifically for your purchasing policies and business rules.
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Member Center Update

Explore Your World Today, every day, with Opinions, Market Commentary and a Calendar of all CU Events-–at no Cost!

Experts Dwight Johnston, Kevin Lytle and Amy Rapp will keep you informed on the economy, the markets, the pulse of the industry and on ways to stay ahead of the challenges that face it. And if you ever miss a commentary, you can find it in the archive anytime.
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WesCorp News

Are You Ready For The Road Ahead? Credit Union Outlook Conference - September 22-25 - Wynn, Las Vegas

Uncharted economic territories can present a wealth of opportunities for your credit union. Gain a considerable edge by mastering the latest techniques and get armed with vital knowledge from industry experts.
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Bourbon Named new Assistant Controller

Please welcome John Bourbon as WesCorp's new Assistant Controller.
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InsideRISK Now Available

The financial markets remain highly challenged across the globe. Rising commodity prices, illiquid markets, a retrenchment in the availability of credit and widespread de-leveraging have unsettled all the major debt markets.
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WesCorp Successfully Tests Business Continuity Systems

Can WesCorp member credit unions have the confidence and trust of uninterrupted service if their corporate suffered a natural disaster? Yes, they can!
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Upcoming Events

See entire schedule…

 

Product/Service Spotlight

WesCorp is proud to celebrate 10 years of Image Capture Innovation!

Thanks to our members, we’ve made huge strides in developing and implementing image capture technology that has reduced the cost of processing checks for our members and increased value to their membership base.
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